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

Why everyone’s buying Royal Enfield motorcycles: 10 BIG reasons!

India is the largest two-wheeler market in the world. Even though premium bikes – priced above Rs. 1 lakh – account for only 5% of total sales, the numbers are rising. In the last fiscal, sales figures of premium bikes comprised over 1 million units. The major highlight here is that Royal Enfield models accounted for more than 80% of the total sales of premium motorcycles. So, what makes Royal Enfield motorcycles such a great success? Let’s find out. The brand Royal Enfield is the oldest two-wheeler manufacturer in the entire world. It’s even older than Harley Davidson. Hence, this brand enjoys quite a legacy. Thanks to the high charm on offer, it benefits from an almost cult following. The old school design and the thump for the RE engines are a favourite of many motorcycle aficionados. Much more reliable While Royal Enfield motorcycles have been infamous for not being too reliable, the recent crop of bikes is much more reliable than their predecessors. True, so...
Post a Comment
Read more

Airtel is offering free Hello Tunes to prepaid, postpaid users: Here’s how to get it

Airtel customers can now set their favourite songs as Hello Tunes for free through Wynk Music app(REUTERS) Airtel continues to offer freebies to its users under ‘Airtel Thanks’ programme. The latest is free Hello Tunes for its postpaid and prepaid customers. The benefit is available to all Airtel customers with plans of Rs 129 and above. Airtel users can get a new Hello Tune via the company’s Wynk music application. Users can change their Hello Tune as many times they want. Users, however, will have to renew the ‘Hello Tunes’ subscription through Wynk Music every 30 days. With the latest bundle, users will no longer have to pay monthly subscription charge of Rs 36 for caller tunes. How to get free Hello Tunes Step 1: Airtel users need to download the latest version of Wynk Music or update the existing app to the latest version. Step 2: Open the app, tap on ‘Hello Tunes’ icon on the top right hand corner of the screen. Step 3: Choose the song and set it as Hello T...
Post a Comment
Read more

Wannabe cars of India; From Maruti Vitara Brezza to Jeep Compass, to Bolero-Pajero & more

The Indian car market is full of modified cars. While some of them are modified with elegance and really look unique, many others are modified to look like various other cars. We bring you five such modified cars. Maruti Vitara Brezza – Jeep Compass The Maruti Vitara Brezza is the largest selling utility vehicle in India. The sub 4-meter compact SUV has a lot of buyers and many of them have modified the car to look like Land Rovers. After the launch of Jeep Compass in the Indian market, many Vitara Brezza owners have swapped the front grille of the Brezza with the iconic 7-slat grille of the Jeep. It sure looks good and different but too wannabe, we think. Mahindra Bolero – Mitsubishi Pajero The Mahindra Bolero used to be the top-selling UV in the Indian market before the arrival of the Maruti Brezza. The rugged SUV is quite popular in Tier II and Tier III cities of India. The Mitsubishi Pajero too has quite a fan following in India. The Pajero SFX became extr...
Post a Comment
Read more