Virgin to build first hyperloop route in Maharashtra

Virgin to build first hyperloop route in Maharashtra

Aiming to reduce the travel time between Pune and Mumbai, Richard Branson-backed Virgin Hyperloop One has signed a Framework Agreement with the Maharashtra government to build a hyperloop transportation system between the two cities.

The first hyperloop route will link central Pune with the megapolis as well as the Navi Mumbai global airport, the foundation stone for which was laid by Prime Minister Narenda Modi this evening.

So, yesterday, on the first day of the Magnetic Maharashtra Convergence 2018-a three-day summit inaugurated by Prime Minister Narendra Modi in Mumbai-Branson signed the Framework Agreement to begin the development of the route, starting with an operational demonstration track.

The report said the Pune-Mumbai hyperloop project could result in $55 billion in socio-economic benefits over 30 years of operation, according to an initial study by Virgin Hyperloop One.

Hyperloop is a futuristic mode of transport-ation.

Excited about what the future holds for Hyperloop One, Branson said: "Virgin Hyperloop One is the only company in the world that has built a fully operational Hyperloop system". In September 2016, US-based research company Hyperloop Transportation Technology announced plans to connect Vijayawada and Amaravati in the southeastern coastal state of Andhra Pradesh.

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Billionaire entrepreneur Richard Branson has said that authorities in India plan to build a super high speed Hyperloop transport system that will help create a "thriving, competitive megaregion". Now we have another big news and it is for people living in Pune and Mumbai. "We are not pricing this as something only for wealthy, this will be available to the masses", he told the media, adding "I believe Virgin Hyperloop One could have the same impact upon India in the 21st century as trains did in the 20th century". Magnetic levitation lifts the pod, which will then glide at speeds of over 1,000kph, benefiting from ultra-low aerodynamic drag and cutting travel times considerably. "We are already working with the governments around the world on passenger and freight projects, and we look forward to partnering India", Lloyd had said.

The estimated cost of the route is around Rs 20,000 crore, which officials say works out cheaper than other forms of high-speed on-ground travel.

"This network could create the largest connected urban area in the world by linking almost 75 million people across the three metropolitan areas of Karnataka, Maharashtra and Andhra Pradesh to improve global competitiveness, reduce congestion and emissions, and provide citizens with better social and economic mobility", Hyperloop One had said in a statement.

Neither the company nor the Maharashtra government has revealed the quantum of investments the project will involve. And, according to The Economic Times, India just might be the first market for Hyperloop One, ahead of the Middle East, Northern Europe and the United States, where the company is considering rolling out its service.

Hyperloop One's rival HTT is also planning to start hyperloop tracks in India.

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