India grants infrastructure project status to $10-bln hyperloop plan

Proposed as a replacement to existing rail infrastructure, hyperloops use magnets to levitate pods inside an airless tube, creating conditions in which …

MUMBAI (Reuters) – India’s western state of Maharashtra has granted infrastructure project status for a $10-billion plan to build the world’s first ultra-fast hyperloop project, aiming to link the financial hub of Mumbai with the neighboring city of Pune.

Proposed as a replacement to existing rail infrastructure, hyperloops use magnets to levitate pods inside an airless tube, creating conditions in which the pods can shuttle people and freight at speeds of up to 750 miles (1,200 km) per hour.

The status could help fasttrack land acquisition for the project over a 117.5-km (73-miles) stretch that will shuttle people between the cities in about 35 minutes.

“This project would mark the beginning of a new era in the country’s transport sector,” the state government said in a statement late on Wednesday.

Although the plan’s original proponent was a consortium of the United Arab Emirates’ DP World and Virgin Hyperloop One, which submitted the initial proposal, the project is to be opened up to other competing bids.

The first phase of the plan envisages an 11.8-km (7.33-mile) -long track to be built in up to 2-1/2 years with an investment of 50 billion Indian rupees ($724 million)in Pune, the government said.

In a separate statement, DP World said it was willing to invest $500 million in private capital to complete the project’s first phase to prove that the technology is safe and viable.

The project is expected to cost about 700 billion rupees ($10.1 billion), the state government said, and it is still unclear how the project will be funded.

The route from Mumbai to Pune is one of India’s busiest, with roughly 75 million passenger journeys each year.

Reporting by Rajendra Jadhav; Editing by Clarence Fernandez

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Maharastra cabinet approves Hyperloop’s maiden project connecting Pune and Mumbai

Hyperloop is an ultramodern, superfast transport project to link Mumbai and Pune, located 200 km apart, shrinking travel time to around 25 minutes …

Virgin Hyperloop One said Maharashtra’s nod to form a consortium of DP World and Hyperloop Technologies for its maiden project to connect Mumbai with Pune is the first of the many key steps towards bringing the new transportation technology to the masses.

Hyperloop is an ultramodern, superfast transport project to link Mumbai and Pune, located around 200 km apart, shrinking travel time to around 25 minutes from the present three hours.

The Maharashtra government had on Tuesday given the infrastructure status to the Mumbai-Pune hyperloop project that seeks to reduce the travel time between the two cities to just 23 minutes. It also approved formation of a consortium of DP World FZE and Hyperloop Technologies as proponents of the original project.

Jay Walder, chief executive officer, Virgin Hyperloop One said in a statement on Wednesday,

“The race is on to host the first hyperloop transportation system in the world, and today’s announcement puts India firmly in the lead. This is a significant milestone and the first of many important steps toward bringing hyperloop to the masses.”

Hyperloop


“We look forward to participating in the public procurement process and bringing this revolutionary new transport technology to the world,” he added.

The hyperloop train will run from BKC in Mumbai to Wakadin in Pune, covering a distance of 117.5 km, at a speed of 496 kmph and cover the distance in just 23 minutes.

“Maharashtra will create the first hyperloop transportation system in the world and a global hyperloop supply chain starting from Pune.

“We have just named DP World-Virgin Hyperloop One consortium as the original project proponent for the Mumbai- Pune hyperloop project and preparing to start the public procurement process,” the release quoted Chief Minister Devendra Fadnavis as saying.

The FDI in the entire project, which will take seven years for completion, is to the tune of Rs 70,000 crore, as per the government.

In the first phase, the project will be run on a pilot basis for 11.8 km in the Pune metropolitan region at a cost of Rs 5,000 crore, the government statement said.

According to the release, there are around 75 million passenger journeys between Mumbai and Pune annually, which is expected to grow to 130 million by 2026.

Virgin Hyperloop One’s system can meet this growing demand by supporting as many as 200 million passengers annually, linking central Pune and Mumbai in under 35 minutes, the release stated.

“Support for hyperloop transportation systems is mounting across the world and India has led the charge to bring hyperloop to fruition since the early stages of development,” said Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive of DP World, and Chairman Virgin Hyperloop One.

DP World, a global trade leader and a major ports and logistics operator in the country, is set to invest $500 million in private capital to complete Phase I of the project, which will certify this new technology for passenger operations, establishing India as the epicentre of hyperloop innovation without using public funds, the release stated.

“Once commercialised, it will transform the Pune- Mumbai corridor into a mega-economic region moving people and cargo between these two centers in a cost-effective and sustainable manner.

Harj Dhaliwal, Virgin HyperloopOne managing director for India and Middle East, said, “This process creates a blueprint for a hyperloop network spanning the entire nation.”

(Edited by Evelyn Ratnakumar)


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Mumbai-Pune In 35 Minutes Set To Be Reality As Hyperloop Project Is A Go

According to Virgin Hyperloop One, the state government — one of the first proponents of hyperloop technology in the world — has deemed hyperloop …
Mumbai:

In an impetus to the dream journey between Mumbai and Pune in under 35 minutes, the Maharashtra government has approved the Virgin Hyperloop One-DP World consortium as the “Original Project Proponent” (OPP) for the Pune-Mumbai hyperloop project — a move that will generate jobs and over $36 billion in various socio-economic benefits.

According to Virgin Hyperloop One, the state government — one of the first proponents of hyperloop technology in the world — has deemed hyperloop a public infrastructure project, setting it up to be the first hyperloop project in the world.

DP World (DPW), a global trade leader and a major ports and logistics operator in India, is set to invest $500 million to complete phase 1 of the project, which will certify this new technology for passenger operations.

“Maharashtra will create the first hyperloop transportation system in the world and a global hyperloop supply chain starting from Pune. Maharashtra and India are at the forefront of hyperloop infrastructure building now and this is a moment of pride for our people,” Maharashtra Chief Minister Devendra Fadnavis said in a statement late on Wednesday.

The hyperloop project will link central Pune with Mumbai in under 35 minutes, as opposed to the current over 3.5-hour journey by road.

“The project will create hundreds of thousands of new high-tech jobs, generate over $36 billion in wider socio-economic benefits, and create new hyperloop component and manufacturing opportunities for Maharashtra to export to the rest of the world,” said Virgin Hyperloop One.

“Support for hyperloop transportation systems is mounting across the world and India has led the charge to bring hyperloop to fruition since the early stages of development,” said Sultan Ahmed bin Sulayem, group Chairman and Chief Executive Officer (CEO) at DP World and Chairman, Virgin Hyperloop One.

“To be named OPP is an incredible vote of confidence in our ability to deliver this advanced technology to the people of India and enhance their lives,” he added.

There are approximately 75 million passenger journeys between Mumbai and Pune annually, which is expected to skyrocket to 130 million by 2026.

Virgin Hyperloop One’s system can meet this growing demand by supporting as many as 200 million passengers annually.

“This is history in the making. The race is on to host the first hyperloop transportation system in the world, and the announcement puts India firmly in the lead,” said Jay Walder, CEO at Virgin Hyperloop One.

“Once commercialised, it will transform the Pune-Mumbai corridor into a mega-economic region, moving people and cargo between these two centres in a cost-effective and sustainable manner.

“This process creates a blueprint for a hyperloop network spanning the entire nation. We would like to thank the government of India, the state of Maharashtra and the partnering agencies for getting the project from vision to reality,” said Harj Dhaliwal, Managing Director of India and Middle East, Virgin Hyperloop One.

Virgin Hyperloop One has projects underway in Missouri, Texas, Colorado, North Carolina, the Midwest, India, Saudi Arabia and the UAE.

Last month, Avishkar Hyperloop — a student team from IIT Madras — met Virgin Hyperloop One Co-founder Josh Geigel who praised India’s effort to be the frontrunner in hyperloop technology.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Pune-Mumbai in 35 mins soon to be reality with hyperloop

“Maharashtra will create the first hyperloop transportation system in the world … The hyperloop project will link central Pune with Mumbai in under 35 …
In an impetus to the dream journey between Mumbai and Pune in under 35 minutes, the Maharashtra government has approved the Virgin Hyperloop One-DP World consortium as the “Original Project Proponent” (OPP) for the Pune-Mumbai hyperloop project — a move that will generate jobs and over $36 billion in various socio-economic benefits.

According to Virgin Hyperloop One, the state government — one of the first proponents of hyperloop technology in the world — has deemed hyperloop a public infrastructure project, setting it up to be the first hyperloop project in the world.

DP World (DPW), a global trade leader and a major ports and logistics operator in India, is set to invest $500 million to complete phase 1 of the project, which will certify this new technology for passenger operations.

“Maharashtra will create the first hyperloop transportation system in the world and a global hyperloop supply chain starting from Pune. Maharashtra and India are at the forefront of hyperloop infrastructure building now and this is a moment of pride for our people,” Maharashtra Chief Minister Devendra Fadnavis said in a statement late on Wednesday.

The hyperloop project will link central Pune with Mumbai in under 35 minutes, as opposed to the current over 3.5-hour journey by road.

“The project will create hundreds of thousands of new high-tech jobs, generate over $36 billion in wider socio-economic benefits, and create new hyperloop component and manufacturing opportunities for Maharashtra to export to the rest of the world,” said Virgin Hyperloop One.

“Support for hyperloop transportation systems is mounting across the world and India has led the charge to bring hyperloop to fruition since the early stages of development,” said Sultan Ahmed bin Sulayem, group Chairman and Chief Executive Officer (CEO) at DP World and Chairman, Virgin Hyperloop One.

“To be named OPP is an incredible vote of confidence in our ability to deliver this advanced technology to the people of India and enhance their lives,” he added.

There are approximately 75 million passenger journeys between Mumbai and Pune annually, which is expected to skyrocket to 130 million by 2026.

Virgin Hyperloop One’s system can meet this growing demand by supporting as many as 200 million passengers annually.

“This is history in the making. The race is on to host the first hyperloop transportation system in the world, and the announcement puts India firmly in the lead,” said Jay Walder, CEO at Virgin Hyperloop One.

“Once commercialised, it will transform the Pune-Mumbai corridor into a mega-economic region, moving people and cargo between these two centres in a cost-effective and sustainable manner.

“This process creates a blueprint for a hyperloop network spanning the entire nation. We would like to thank the government of India, the state of Maharashtra and the partnering agencies for getting the project from vision to reality,” said Harj Dhaliwal, Managing Director of India and Middle East, Virgin Hyperloop One.

Virgin Hyperloop One has projects underway in Missouri, Texas, Colorado, North Carolina, the Midwest, India, Saudi Arabia and the UAE.

Last month, Avishkar Hyperloop — a student team from IIT Madras — met Virgin Hyperloop One Co-founder Josh Geigel who praised India’s effort to be the frontrunner in hyperloop technology.

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Pune to Mumbai in 35 minutes soon as Hyperloop project gets green signal

Mumbai: In an impetus to the dream journey between Mumbai and Pune in under 35 minutes, the Maharashtra government has approved the Virgin …

Mumbai: In an impetus to the dream journey between Mumbai and Pune in under 35 minutes, the Maharashtra government has approved the Virgin Hyperloop One-DP World consortium as the “Original Project Proponent” (OPP) for the Pune-Mumbai hyperloop project — a move that will generate jobs and over $36 billion in various socio-economic benefits.

According to Virgin Hyperloop One, the state government — one of the first proponents of hyperloop technology in the world — has deemed hyperloop a public infrastructure project, setting it up to be the first hyperloop project in the world.

DP World (DPW), a global trade leader and a major ports and logistics operator in India, is set to invest $500 million to complete phase 1 of the project, which will certify this new technology for passenger operations.

“Maharashtra will create the first hyperloop transportation system in the world and a global hyperloop supply chain starting from Pune. Maharashtra and India are at the forefront of hyperloop infrastructure building now and this is a moment of pride for our people,” Maharashtra Chief Minister Devendra Fadnavis said in a statement late on Wednesday.

The hyperloop project will link central Pune with Mumbai in under 35 minutes, as opposed to the current over 3.5-hour journey by road.

“The project will create hundreds of thousands of new high-tech jobs, generate over $36 billion in wider socio-economic benefits, and create new hyperloop component and manufacturing opportunities for Maharashtra to export to the rest of the world,” said Virgin Hyperloop One.

“Support for hyperloop transportation systems is mounting across the world and India has led the charge to bring hyperloop to fruition since the early stages of development,” said Sultan Ahmed bin Sulayem, group Chairman and Chief Executive Officer (CEO) at DP World and Chairman, Virgin Hyperloop One.

“To be named OPP is an incredible vote of confidence in our ability to deliver this advanced technology to the people of India and enhance their lives,” he added.

There are approximately 75 million passenger journeys between Mumbai and Pune annually, which is expected to skyrocket to 130 million by 2026.

Virgin Hyperloop One`s system can meet this growing demand by supporting as many as 200 million passengers annually.

“This is history in the making. The race is on to host the first hyperloop transportation system in the world, and the announcement puts India firmly in the lead,” said Jay Walder, CEO at Virgin Hyperloop One.

“Once commercialised, it will transform the Pune-Mumbai corridor into a mega-economic region, moving people and cargo between these two centres in a cost-effective and sustainable manner.

“This process creates a blueprint for a hyperloop network spanning the entire nation. We would like to thank the government of India, the state of Maharashtra and the partnering agencies for getting the project from vision to reality,” said Harj Dhaliwal, Managing Director of India and Middle East, Virgin Hyperloop One.

Virgin Hyperloop One has projects underway in Missouri, Texas, Colorado, North Carolina, the Midwest, India, Saudi Arabia and the UAE.

Last month, Avishkar Hyperloop — a student team from IIT Madras — met Virgin Hyperloop One Co-founder Josh Geigel who praised India`s effort to be the frontrunner in hyperloop technology.

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