Facts for Prelims (FFP)
Source: PIB
Context: The Ministry of Housing & Urban Affairs (MoHUA) and the Ministry of Railways in India have signed a Memorandum of Understanding (MoU) with the Japan International Cooperation Agency (JICA) for ‘Station Area Development along Mumbai-Ahmedabad High-Speed Rail’ (Project-SMART)
Aim: To develop the areas surrounding the Mumbai-Ahmedabad High-Speed Railway (MAHSR) stations to improve the accessibility and convenience of commuters and promote economic activities in the vicinity of station areas.
About Mumbai-Ahmedabad High-Speed Rail (MAHSR):
About NHSRCL:
NHSRCL (National High-Speed Rail Corporation Limited) is a Special Purpose Vehicle (SPV) created in 2016 with the objective of financing, constructing, maintaining and managing the High-Speed Rail Corridor in India. The SPV has equity participation from the Central Government through the Ministry of Railways, as well as the governments of Gujarat and Maharashtra.