Skip to main content

Mumbai-Pune In 35 Minutes Set To Be Reality As Hyperloop Project Is A Go


In an impetus to the dream journey between Mumbai and Pune in under 35 minutes, the Maharashtra government has approved the Virgin Hyperloop One-DP World consortium as the "Original Project Proponent" (OPP) for the Pune-Mumbai hyperloop project -- a move that will generate jobs and over $36 billion in various socio-economic benefits. According to Virgin Hyperloop One, the state government -- one of the first proponents of hyperloop technology in the world -- has deemed hyperloop a public infrastructure project, setting it up to be the first hyperloop project in the world.

DP World (DPW), a global trade leader and a major ports and logistics operator in India, is set to invest $500 million to complete phase 1 of the project, which will certify this new technology for passenger operations.

"Maharashtra will create the first hyperloop transportation system in the world and a global hyperloop supply chain starting from Pune. Maharashtra and India are at the forefront of hyperloop infrastructure building now and this is a moment of pride for our people," Maharashtra Chief Minister Devendra Fadnavis said in a statement late on Wednesday.

The hyperloop project will link central Pune with Mumbai in under 35 minutes, as opposed to the current over 3.5-hour journey by road.

"The project will create hundreds of thousands of new high-tech jobs, generate over $36 billion in wider socio-economic benefits, and create new hyperloop component and manufacturing opportunities for Maharashtra to export to the rest of the world," said Virgin Hyperloop One.

"Support for hyperloop transportation systems is mounting across the world and India has led the charge to bring hyperloop to fruition since the early stages of development," said Sultan Ahmed bin Sulayem, group Chairman and Chief Executive Officer (CEO) at DP World and Chairman, Virgin Hyperloop One.

"To be named OPP is an incredible vote of confidence in our ability to deliver this advanced technology to the people of India and enhance their lives," he added. There are approximately 75 million passenger journeys between Mumbai and Pune annually, which is expected to skyrocket to 130 million by 2026.

Virgin Hyperloop One's system can meet this growing demand by supporting as many as 200 million passengers annually. "This is history in the making. The race is on to host the first hyperloop transportation system in the world, and the announcement puts India firmly in the lead," said Jay Walder, CEO at Virgin Hyperloop One.

"Once commercialised, it will transform the Pune-Mumbai corridor into a mega-economic region, moving people and cargo between these two centres in a cost-effective and sustainable manner.

"This process creates a blueprint for a hyperloop network spanning the entire nation. We would like to thank the government of India, the state of Maharashtra and the partnering agencies for getting the project from vision to reality," said Harj Dhaliwal, Managing Director of India and Middle East, Virgin Hyperloop One.

Virgin Hyperloop One has projects underway in Missouri, Texas, Colorado, North Carolina, the Midwest, India, Saudi Arabia and the UAE.

Last month, Avishkar Hyperloop -- a student team from IIT Madras -- met Virgin Hyperloop One Co-founder Josh Geigel who praised India's effort to be the frontrunner in hyperloop technology.

Labels:

Comments

Post a Comment

Popular posts from this blog

WhatsApp for Android beta gets Private Reply feature: How to use it

Last year, there were reports that WhatsApp is working on a new feature called Private Reply. This feature was also rolled out to the Windows Phone beta version of the app but it was only for a short time period. Now, this feature is being rolled out to the Android beta version of the app. We can expect the users of the stable version of the app to get this feature to get this feature soon. According to WABetaInfo, the latest WhatsApp Android beta version 2.18.335 has received the Private Reply feature. This feature lets users send private messages to a member of the group without letting other members know about it. Notably, WhatsApp already lets users reply to members in a group individually. But the new feature, which is also similar to individual reply directs you to the personal chat with the specific member. You can send messages privately to the member in the group without letting the others in the group know about the same. How to use...
Post a Comment
Read more

You have many reasons why you not invest in bitcoins or other cryptocurrencies

To invest or not to invest - that is the question many of us have in our minds when it comes to cryptocurrencies at the moment. A lot of us are tip-toeing around the idea of investing in them but with all the uncertainty that surrounds them (both in terms of regulations and its legality) we remain cautious. Other than investing in an unregulated space and the potential risk of losing your money by falling prey to a ponzi scheme, you have more reasons to stay away from such investments. Here are six more reasons why you should stay away from cryptocurrencies (well, at leastuntithere is more clarity) 1. Banks have started stopping purchase of cryptocurrency with their cards Recently, Citibank in an email notification to its customers has said that its credit and debit cards cannot be used to purchase cryptocurrencies. Following this, SBI Card has also cautioned customers against risks associated with  bitcoin  and other crypto-currencies and is in d...
Post a Comment
Read more

PUBG Mobile Update Will Add Rainy Weather, Snowy Area, Rickshaws And More

PUBG is expected to get a new weapon, a new vehicle, new weather in Erangel and Miramar, death cam reply, new animations and snow. PUBG Mobile is all set to get a new update for its palyers. The game is expected to get a new weapon, a new vehicle, new weather in Erangel and Miramar, death cam reply, new animations and snow. This information was posted on Reddit by user, u/AtomR, who said that the MK47 was added to the Chinese Lightspeed Beta of the game, along with the Tukshai vehicle. There will be new snow regions and mountains in Erangel map, something similar on the lines of the current autumn area, to add that bit of original touch to the game. A more detailed changelog will appear with the official rollout of the update once PUBG Mobile beta 0.11 is out of the testing phase. Recently, PlayerUnknown’s Battlegrounds has banned over 13 million players since the game's publisher started sharing ban numbers in June 2017. The numbers have been crunched by Reddit user sjk04...
Post a Comment
Read more