Virgin group, State govt. enter agreement to build hyperloop
Context:
High-speed transportation system will connect Mumbai and Pune
Details:
- The Virgin Group has signed an ‘intent agreement’ with the Maharashtra government to build a hyperloop transportation system between Mumbai and Pune.
- The hyperloop is expected to reduce travel time between the cities to 20 minutes, from the present three hours.
- The first hyperloop route will link central Pune with Mumbai and the proposed Navi Mumbai international airport
- The hyperloop route will be a fully electric system that can travel at up to 1,000 kmph
- The proposed hyperlink system is expected to transform the transportation system and make Maharashtra a global pioneer in the space.
- The socio-economic benefit of the project is $55 billion, and will create thousands of jobs.
- The proposed project will begin after a six-month in-depth feasibility study to analyse and define route alignment, including environmental impact, economic and commercial viability, the regulatory framework and cost and funding model suggestions.
