Industry News and Headlines

Mumbai - Ahmedabad High-Speed Line Costs Rise by 83%

The Mumbai‑Ahmedabad high‑speed rail corridor’s budget has surged 83%, climbing to roughly Rs 2 trillion after land‑acquisition disputes inflated costs. Japan’s Official Development Assistance, which covered 81% of the original estimate, is unlikely to be extended, forcing India to tap its Consolidated Fund for the Rs 900 billion shortfall. The government has also shifted rolling‑stock strategy, favoring domestically built BEML prototypes over Japan’s 320 km/h E10 Shinkansen. Meanwhile, signalling contracts have moved to a DRA‑Siemens consortium using ETCS Level 2, and TBM deliveries faced geopolitical delays.