Incidentally, the government resolution was released by the home department and not by the urban development department
The new state government, which recently issued all clearances for the Mumbai-Ahmedabad Bullet train, issued a government resolution (GR) on Monday to give Rs 6 crore to the National High-Speed Railway Corporation Ltd (NHSRCL) to pick up the state government’s equity shares. The NHSRCL is the special purpose vehicle (SPV) incorporated in February 2016 with the objective to finance, construct, maintain and manage the High-Speed Rail Corridor (HSRC) in India. The company has been modelled as an SPV with equity participation by the Central Government through the Ministry of Railways and from Gujarat and Maharashtra governments.
https://www.freepressjournal.in/mumbai/bullet-train-development-gathers-speed-maharashtra-govt-to-immediately-release-rs-6-cr-to-pick-up-equity-shares-in-nhsrcl
Source: The Free Press Journal
