The high speed project will be jointly financed by Indian Railways and Russian Railways with 50 per cent cost share.
According to a protocol signed between Indian Railways and Russian Railways at Goa, a technical and execution study for upgrade of the speed of passenger trains in Nagpur- Secundrabad route to up to 200 kmph will be carried out.
Earlier, an MoU was signed between Railway Ministry and Russian Railways on technical cooperation in rail sector, during the visit of Prime Minister Narendra Modi to Russia during December 2015.
MoU covers modernisation of existing lines of the Indian Railways in order to raise train speeds up to 160-200 kmph, Modern Control and Safety related Systems based on satellite navigation and digital communication means and satellite and geo-information technologies.
It also aims to cover transportation safety and cyber security, rolling stock, heavy haul transportation, organisation of Human Resources training for the Indian Railways, secondary and higher vocational education of students and advanced training of staff members, including managers, station redevelopment, dedicated freight rail corridors, modernisation, reconstruction and construction of track superstructure and civil engineering works, including bridges and tunnels.
A Steering Committee has been formed for operationalisation of the MoU with representation of senior officials from both sides. There will be joint working groups for speed raising, station renovation and training.