Maharashtra Government signs framework agreement with Virgin Hyperloop One to set up a “hyperloop”

  • Maharashtra Government signs framework agreement with Virgin Hyperloop One to set up a “hyperloop”
19-02-2018 | Pratidin Bureau. |

The Maharashtra Government in the Magnetic Maharashtra: Convergence Maharashtra 2018  Global Investors Summit signed a framework agreement with US-based Virgin Hyperloop One to set up a “hyperloop,” a new high-speed transport system, between the two western Indian cities- Mumbai and Pune. It could potentially reduce inter-city travel time to just 25 minutes from the current 55 minutes (by flight) or 2.5 hours (by road).





The hyperloop is an experimental mode of surface transport, developed by Entrepreneur Elon Musk. It involves a magnetically-propelled capsule that carries passengers or cargo through a low-pressure tube at over 1,000 kilometres per hour. Virgin Hyperloop One, backed by British investor and founder of the Virgin group, Richard Branson, was the first company to test the technology in May 2016.

The company’s India venture began in November 2016 when it signed a Memorandum of Understanding (MoU) with the Pune Metropolitan Region Development Authority to identify potential routes and study the technical viability of the hyperloop in India. The project, a public-private partnership, will begin with a six-month in-depth feasibility study, covering issues like the regulatory framework and funding models.

Virgin Hyperloop One in a statement said that it estimates “$55 billion (Rs350, 000 crore) in socio-economic benefits (time savings, emissions and accident reduction, operational cost savings, etc.) over 30 years of operation.”





The development of the hyperloop will be carried out in two phases: Virgin Hyperloop One will first set up a demonstration track within three years. In the second phase, it will set up the entire route over seven years. The proposed route will pass through the upcoming Navi Mumbai International Airport and eventually undertake 150 million passenger-trips a year. The hyperloop will also transport lightweight cargo units between the Mumbai port and Pune.

Tags : Maharashtra Government Virgin Hyperloop One Magnificient Maharashtra: Convergence Maharashtra 2018 India News

Leave a reply.