India ask Japan to float tender for Mumbai Ahmedabad HSR

MUMBAI (Metro Rail News): India has informed Japan that the project’s land issues appear to have been resolved and tenders for the electrical and signalling systems and the rolling stock for the Mumbai-Ahmedabad High-Speed Rail corridor should be floated immediately.

According to sources, Japan and India have agreed to set a limit on the cost of the systems and rolling stock. If the prices quoted by Japanese companies for these items exceed that limit, the Japanese side will be responsible for paying the difference outside the parameters of the loan agreement for the project.