The double-line pilot section will be commissioned with an investment of Rs 1,000 crore.
Steps to raise funds could include an across-the-board increase in railway fares, senior officials said.
Cities will come up along Delhi-Mumbai Dedicated Rail Freight Corridor.
India and Japan will next month sign an agreement for a dedicated rail freight corridor connecting Delhi, Mumbai and Kolkata, which will significantly reduce the time taken for transporting goods from one metro to another.
India, World Bank ink $375 mn deal to help develop country's first waterway