Mumbai to Pune in 20 minutes? Maharashtra govt signs ‘intent agreement’ to build hyperloop between cities

AgenciesUpdated: Thursday, May 30, 2019, 12:05 AM IST
article-image

Mumbai: The Virgin Group on Sunday signed an “intent agreement” with Maharashtra to build a hyperloop transportation system between Mumbai and Pune, which aims to reduce the travel time between the two mega cities to 20 minutes from the three hours at present.

The first hyperloop route will link central Pune with the megapolis as well as the Navi Mumbai international airport, the foundation stone for which was laid by PM Narenda Modi on Sunday. “We have signed an agreement with Maharashtra to build a Virgin Hyperloop between Mumbai and Pune, beginning with an operational demonstration track in the region,” Virgin Group chairman Richard Branson said at an investment summit in Mumbai on Sunday evening.

With easier access to airport gates, the loop will be able to ferry 150 million passengers every year. “The proposed hyperlook transportation system will transform the transportation system and make Maharashtra a global pioneer in the space. The socio-economic benefits of the project is USD 55 billion,” Branson said, claiming that the project will create thousands of jobs.

Details such as the project cost and a time-line are yet to be announced. The hyperloop route will be a fully electric system and will have the capability travel up to 1,000 km per hour.

The proposed project will begin after a six-month in-depth feasibility study which will analyse and define the route alignment, including environmental impact, economic and commercial viability, the regulatory framework, and cost and funding model suggestions.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Devendra Fadnavis should take charge as deputy CM of Maharashtra: BJP central leadership's 'personal...

Devendra Fadnavis should take charge as deputy CM of Maharashtra: BJP central leadership's 'personal...

Mumbai rains: IMD issues Yellow alert for July 1 and 2 in city

Mumbai rains: IMD issues Yellow alert for July 1 and 2 in city

Maharashtra: Eknath Shinde to be new Chief Minister; Devendra Fadnavis to be deputy CM

Maharashtra: Eknath Shinde to be new Chief Minister; Devendra Fadnavis to be deputy CM

Sharad Pawar, Jayant Patil and other leaders congratulate CM-designate Eknath Shinde ahead of oath...

Sharad Pawar, Jayant Patil and other leaders congratulate CM-designate Eknath Shinde ahead of oath...

Mumbai: Latest Updates - Building collapses in Kalbadevi

Mumbai: Latest Updates - Building collapses in Kalbadevi