Yes, the current speed is 300kph with a planned speed upgrade to 350 kph. As for the cost for upgrade, no idea. Like I said, I am not a railway engineer and there has not been a documented case for such upgrade, so I can't really say. Though from engineering perspective, these lines would stay at the current design for at least one decade, possibly two decades or more before they need to be upgraded. So discussion right now is actually pointless because that much time can bring a lot of technology change which affect the cost of upgrade.
Edit: At a guess, the cost is probably less than the cost to build these right now, relatively speaking. A lot of the cost right now went into acquisition of the land, as well as building new homes for the relocated families.