Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe would lay the foundation stone of India's first bullet train project in Ahmedabad today.
A Government Resolution (GR) issued by the Maharashtra Home Department on September 12 said the state has set a condition that the cost of the land at BKC should be considered a part of Maharashtra's preliminary share of Rs 125 crore for the project.
The Maharashtra government also wants the Japan International Cooperation Agency (JAICA) to fund the Mumbai-Nagpur bullet train project on the same terms as the Mumbai-Ahmedabad project, an official in the Chief Minister's Office said in Mumbai.
The GR said that construction of railway station for the bullet train at BKC should not adversely affect construction of the proposed International Financial Services Center (IFSC) in the area and its financial viability.
Further, the state wants the Centre and Railways to ensure that entry and exit of the bullet train station are within the 0.9 hectares plot.
The government has already approved allocation of 50.31 hectares of land at BKC for the IFSC.
Of the 508-km route and 12 stations of the bullet train, 120 km and four stations will fall in Maharashtra. It is expected to cut the journey time from the current six hours to two hours.