Virgin Signs Agreement to Build Mumbai-Pune Hyperloop
Hyperloop is the high-speed travel system that can revolutionise the way we travel. We have already talked about Hyperloop in past. If you want to know about it in detail, you can read that article.
We have also reported that Indian Government is very interested in brining Hyperlook in India. It has already identified few routs and planned the development. Now we have another big news and it is for people living in Pune and Mumbai.
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Virgin Group on Sunday signed an “intent agreement” with Maharashtra to build aHyperloop system between Mumbai and Pune. It will reduce the travel time between the two megacities to 25 minutes from 3 hours. It will link central Pune to Navi Mumbai international airport and Mumbai.
“We have signed an agreement with Maharashtra to build a Virgin Hyperloop between Mumbai and Pune, beginning with an operational demonstration track in the region,” Virgin Group chairman Richard Branson said on the first day of Magnetic Maharashtra investor summit in Mumbai.
Hyperloop has the capability of going up to 1,000 km/hour speed but the proposed Mumai Pune route will see just 350 Km/hours speed. Speed will go up to 600-1,000 kmph later.
It is also worth to note that the cost of building a Hyperloop system is much less than the cost of high-speed railway line.
“We are not pricing this for the wealthy, but it will be for the masses. It’s quite possible that India would be the first,” Branson said, adding the system costs about hundreds of millions of dollars to build.
The proposed route will support 150-million passenger trips annually and will save 90 million hours of travel time. After this route, Cities in Andhra Pradesh and Karnataka are next in line.
The current project will be executed by a public-private partnership. It will also involve Indian investors, IT companies and the best brains in India.
The company has not yet confirmed the details of project cost and a timeline. It has just confirmed the approx idea. The project will begin after a six-month in-depth feasibility study ad then the company will talk about more details.