Mumbai: The Maharashtra government accorded the infrastructure status to the Mumbai-Pune ultra-fast hyperloop transport project that seeks to reduce the travel time between the two cities to just 23 minutes.
The state Cabinet approved a proposal to give infrastructure status to the project at a meeting in Mumbai.
The Cabinet also approved formation of a consortium of DP World FZE and Hyperloop Technologies as proponentsof the original project, according to a statement from the Chief Minister's Office.
Hyperloop is a ultramodern, superfast transport project which is being implemented to link Mumbai and Pune, which are located around 200km apart.
It will run from BKC in Mumbai to Wakadin Pune, covering a distance of 117.5 km. The hyperloop train will run at a speed of 496 kph and cover the distance between the two cities in just 23 minutes, the statement said.
At present, the travel time taken by trains between the two cities is three-and-a-half to four hours. The FDI in the entire project, which will take seven years for completion, is to the tune of Rs70,000 crore, the statement said.
In the first phase, the project will be run on a pilot basis for 11.8-km in the Pune Metropolitan region at a cost of Rs5,000 crore, it added.
