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Work on the Mumbai-Ahmedabad high-speed rail corridor project will start by late 2017 or early 2018 and will be completed in five years.

This is what railway board chairman A K Mittal said at the Make In India Week on Sunday evening.

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Addressing a press conference after the first joint meeting, Mittal said that Japan International Cooperation Agency will fund 81% of the project cost of Rs 98,000 crore as a soft loan with a 50-year term, a moratorium of 15 years with an interest rate of 0.1%.

Mittal said that the railways wanted an underground station for this project at BKC, which the state government had cited in the past, that they would like to give the land for a proposed finance centre at BKC rather than the station.

He said that even though the state government decides to build a finance centre at BKC, the station for the bullet train could still be built there.

"The station will be three- storeyed underground and would not hamper the building of the finance centre.

Building an underground station for the bullet train will result in increasing prices of land near this station," said Mittal, adding that a fresh round of talks will be held with the government to discuss this issue.

The forecast from the India Meteorological Department-Mumbai on Wednesday for the next 48 hours is that the “sky is very likely to be partly cloudy”.In all probability, this means that the monsoon in Mumbai might not meet its normal onset date of June 10 this year as well.Mumbai: The forecast from the India Meteorological Department-Mumbai on Wednesday for the next 48 hours is that the "sky is very likely to be partly cloudy".On June 8, the monsoon set in over Kerala and Lakshadweep.Normally, the onset of the southwest monsoon in Kerala is on June 1 and in Mumbai on June 10.Based on IMD's statistical model, the forecast for monsoon onset over Kerala this year was June 7, with a model error of plus or minus four days.

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