New Delhi, December 20: Mostly elevated corridor between Sabarmati and Mumbai (508 kilometres) with 12 stations; Maximum Design Speed of 350 kilometres per hour and operating speed of 320 kilometres per hour; The journey time between Mumbai and Sabarmati will be 2.07 Hrs for a Fast Train and 2.58 Hrs for train stopping at all the stations enroute. Also Read - India's First Bullet Train Project May Get Delayed by 5 Years Due to COVID-19 Crisis

Estimated cost of the project: Also Read - Amit Shah to Flag Off Delhi-Katra Vande Bharat Express on October 3

Rs 1,08,000 crore; 81% of the project cost funded by a loan from Government of Japan at a rate of interest of 0.1% with a repayment period of 50 years with 15 years grace period. Also Read - India to Buy 18 Bullet Trains From Japan For Rs 7,000 Crore

The project is targeted for commissioning by the year 2022-23.

Feasibility studies have been sanctioned over several corridors including Delhi-Chennai.

This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Lok Sabha on Wednesday.