A protocol has been signed between Ministry of Railways and Russian Railways on 15th October, 2016 during the India Russia Annual Summit in Goa under co-operation Memorandum of Understanding between both the Countries. The protocol covers technical and execution study for upgradation of the speed of passenger trains upto 200 kmph on existing Nagpur-Secunderabad corridor of Indian Railways.
A Memorandum of Understanding (MoU) has been signed between the Ministry of Railways of the Republic of India and the Joint Stock Company “Russian Railways” on 24.12.2015 for Technical Cooperation in the Railway Sector wherein modernization of existing lines of Indian Railways in order to raise train speeds upto 160-200 kmph is one of the cooperation areas.
Mumbai-Ahmedabad High Speed Rail Project is the only sanctioned High Speed project in India. The Project is approved for implementation with Financial assistance of Government of Japan upto the extent of 81% of the project cost of approximately 98000 Crores. The target for completion is 2023.