The memorandum of understanding, to be signed with Spanish Railways, will be in operation for three years.
Besides introducing high-speed rail service, Railways will avail Spanish expertise for increasing the speed of passenger trains on existing track, as per the agreed agenda of the agreement.
Railways are in the process of setting up a high-speed rail authority to run trains at 300 km/hour speed on seven selected routes.
"We have plans to develop high-speed train service in the country and currently we are in the process of carrying out pre-feasibility study on seven identified corridors," a senior Railway Ministry official said.
Spanish consultant Eneco has been hired to carry out studies in the Howrah-Haldia (135 km)
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