India and Japan signed Memorandum of Understanding (MoU) on 7 October 2013 to undertake a joint feasibility study of High Speed Railway system on the Mumbai-Ahmedabad route.
The MOU was signed by Katsuo MATSUMOTO, Director South Asia Division Japan International Cooperation Agency (JICA) from the Japanese side and Girish Pillai, Adviser Infrastructure, Ministry of Railways from the Indian side.
Highlights of the Memorandum of Understanding (MoU)
• The MoU provided that the India and Japan will co-finance a joint feasibility study of Mumbai- Ahmedabad High Speed route.
• The mainobjective of the Joint study is to prepare a feasibility report of High Speed Railway system on the Mumbai-Ahmedabad route with speed of 300-350kmph.
• The study will do traffic forecasting, alignment surveys and undertake comparative Study of High Speed Railway Technology and System.
•A Joint Monitoring Committee shall be established comprising of the Ministry of Railways, Planning Commission, the Ministry of Finance and the Ministry of External Affairs for the Indian side and the Ministry of Foreign Affairs (MOFA), the Ministry of Economy Trade and Industries (METI), the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), the Ministry of Finance (MOF), Embassy of Japan (EoJ) in India)and JICA for the Japanese side.
• The cost of the study will be shared 50:50 between India and Japan.