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

Paul Allen: Microsoft co-founder and billionaire dies aged 65

Paul Allen, who co-founded Microsoft, has died aged 65 from complications of non-Hodgkin's lymphoma. He had revealed the disease's return only two weeks ago, after previously being treated for it in 2009. He had said he and his doctors were "optimistic" about treatment. His Microsoft co-founder Bill Gates said: "I am heartbroken by the passing of one of my oldest and dearest friends... Personal computing would not have existed without him." In a statement confirming his death on Monday afternoon, his sister Jody described the businessman as a "remarkable individual on every level". "Paul's family and friends were blessed to experience his wit, warmth, his generosity and deep concern. For all the demands on his schedule, there was always time for family and friends," the statement said. "At this time of loss and grief for us - and so many others - we are profoundly grateful for the care and concern he demonstrated...
Post a Comment
Read more

Redmi Note 7 India Launch Date Confirmed, Xiaomi's Latest Will Launch on February 28

Redmi Note 7 is powered by Qualcomm Snapdragon 660 SoC It supports Super Night Scene Mode for low-light photography Redmi Note 7 has Quick Charge 4 support for fast charging The Redmi Note 7 is one of the most hotly anticipated smartphones from Xiaomi, and after making an impressive debut in the Chinese market, the smartphone is all set to arrive in India. Xiaomi on Thursday revealed that the Redmi Note 7 will be launched in India on February 28, and the company has already kicked off the registration process for purchasing tickets for the launch event. Xiaomi has been teasing the Redmi Note 7's India launch for quite some time and it finally made the launch date official via a tweet today. The Redmi Note7 was launched in January, packing capable hardware and bringing an attractive design at a competitive price point in typical  Xiaomi  fashion. The smartphone quickly became a major hit as the company reportedly sold 1 million units of the...
Post a Comment
Read more

Redmi Go officially debuts, will cost just 4999

Xiaomi's first Android Go smartphone is official. The Redmi Go is based on Android 8.1 Oreo (Go Edition), comes in Black and Blue, and is heading to Europe and the Philippines in February. The phone packs a modest 5" 1280x720px LCD of the conventional 16:9 aspect, an 8MP main camera with LED flash and a 5MP selfie snapper. The Redmi Go is powered by a Snapdragon 425 with four Cortex-A53 cores running at 1.4GHz. There's 1GB of RAM and either 8GB or 16GB of storage, which can be expanded with a microSD card. The Redmi Go actually employs a hybrid slot so you can choose between extra storage and dual SIM support, but can't have both. XIaomi Redmi Go The battery on the Xiaomi Redmi Go has 3,000mAh capacity, which is very generous considering the tiny screen and modest chipset. Xiaomi Redmi Go The Xiaomi Redmi Go will go on sale in February at a price of €80 in Europe. Philipines pricing is yet to be confirmed as well as availability in other market...
Post a Comment
Read more