Japanese funding agency, JICA has signed a tripartite consultancy pact with Railway Ministry and National High Speed Rail Corporation Ltd (NHSRC) for the high-speed railway project between Mumbai and Ahmedabad. The GC is to provide design and bidding assistance for the public works and systems required for the construction of a high-speed railway linking two cities Mumbai and Ahmedabad. JICA will bear the cost of GC up to 2020 and will contribute to the smooth implementation of the High Speed Railway Project. The NHSRC, a new agency, in charge of the implementation of the project is a joint-venture between Japan International Consultants for Transportation Co (JIC), Nippon Koei Co and Oriental Consultants Global Co. Ltd. The high speed railway line is expected to cover 508 km in about two hours, running at a maximum speed of 350 kmph and operating speed of 320 kmph. Estimated to cost about Rs 97,636 crore, 81 per cent of the funding for the project will come by way of a loan from Japan. While most part of the corridor is proposed to be on the elevated track, there will be a stretch after Thane creek towards Virar, which will go under the sea as per the detailed project report by JICA.