The government of Maharashtra has allocated Rs 250 crore for the bullet train project.
The project agreement has already been signed under which the state government has to give its share of Rs 250 crore to the High Speed Rail Corporation of India.
Both Maharashtra and Gujarat governments have a 25 percent share while the Railways has 50 percent stake in the project.
The High Speed Rail Corporation of India has started work on the project and land acquisition is underway.