Mumbai-Pune travel in just 25 minutes? Hyperloop to make it possible by 2025
The hyperloop, with a speed of 350 kmph, will be able to move 10,000 passengers an hour and 150 million passengers a year once fully operationalmumbai Updated: Feb 19, 2018 23:28 IST
British business tycoon Richard Branson, who announced on Sunday that the world’s first operational hyperloop between Mumbai and Pune would be developed by 2025, said it would reduce travel time from 3.5 hours to 25 minutes.
The hyperloop, with a speed of 350 kmph, will be able to move 10,000 passengers an hour and 150 million passengers a year once fully operational, said the Virgin Group Founder and Virgin Hyperloop One chairman. It is capable of reaching speeds up to 1,000 kmph and will also connect the Mumbai and Navi Mumbai airports.
The Indian State of Maharashtra has announced their intent to build a hyperloop between Pune and Mumbai beginning with an operational demonstration track https://t.co/GiqxRdY2Lt pic.twitter.com/pctiPiealv— Hyperloop One (@HyperloopOne) February 18, 2018
“My travels on Indian roads have not been pleasant. If I were an Indian, a lot of my life would have been spent sitting in traffic jams. This is a miserable way of spending one’s life,” he said at the inauguration of the Magnetic Maharashtra Convergence summit, where his announcement was the most significant of several big ticket investments in Maharashtra by the global industrial captains.
Branson said he signed an intent agreement in the presence of Prime Minister Narendra Modi, Maharashtra chief minister Devendra Fadnavis and Union transport minister Nitin Gadkari on Sunday.
Branson said building the hyperloop, expected to cost hundreds of millions of dollars, will be much cheaper than building high-speed railway lines. The socio-economic benefits of the project are pegged at $55 billion a year, he said. The timeline of construction and estimated project cost are yet to be revealed.
Anand Mahindra, chairman, Mahindra Group, announced an investment of Rs1,700 crore in a film-centric tourism hub at Kandivli . He said the company will tap into the opportunity of tourism related to Bollywood and entertainment industry. The group will invest in establishing a centre of excellence in Nagpur, with an investment of Rs125 crore besides the investment of Rs500 crore in electric vehicle venture in the state. The Centre for excellence will create 2500 jobs, he said.
Mukesh Ambani, chairman, Reliance Industries, announced an investment of Rs60,000 crore in collaborative initiative over the next 10 years in Maharashtra. “Reliance will set up India’s first-ever integrated industrial areas for the fourth industrial revolution in the state. We will invest more than Rs60,000 crore in collaboration with global companies including Dell, HP, Cisco, Seemens. We have started getting huge response from them. ”
He said the fourth industrial revolution will help Maharashtra solve issues related to education, water security and boost agricultural development.
First Published: Feb 19, 2018 12:15 IST