India and Japan on 9 October 2013 signed MoU to do a joint feasibility study of High Speed Railway system on the Mumbai-Ahmedabad route. The aim 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 cost of the study will be shared equally between India and Japan.
The study will take 18 months to complete. The study will include traffic forecasting, alignment surveys and undertake comparative Study of High Speed Railway Technology and System.
India and Japan also decided to set up A Joint Monitoring Committee which comprises the Ministry of Railways, Planning Commission, the Ministry of Finance and the Ministry of External Affairs for the Indian side and the MOFA (Ministry of Foreign Affairs), the METI (Ministry of Economy, Trade and Industries), the MLIT (Ministry of Land, Infrastructure, Transport and Tourism), the MOF (Ministry of Finance), EoJ (Embassy of Japan in India) and JICA from Japan.
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