Los-Angeles based Virgin Hyperloop One today announced that it has signed an agreement (MoU) with Maharastra to build and develop world’s first operational hyperloop between Mumbai and Pune.
Virgin Hyperloop One
Hyperloop has the capability to hit a high speed of up to 1000 kmph. Mumbai-Pune route is about 350 km and Hyperloop will cover it within 30 minutes with a speed of 600 kmph. The route would also link central Pune, Navi Mumbai International Airport, and Mumbai in 25-minutes and connect 26 million people, supporting 150 million passenger trips per year.
India may become the first country to have an operational Hyperloop one, Dubai is a close second.
The company further said that the route could result in USD $55 billion (Rs.350,000 crores) in socio-economic benefits, time savings, accident reduction and operational cost savings with 30 years of operations. This project will take three years to complete the test run and roughly 7 years to being commercial operations.
Sir Richard Branson, Chairman, Virgin Hyperloop One said:
I believe Virgin Hyperloop One could have the same impact upon India in the 21st century as trains did in the 20th century. The Pune-Mumbai route is an ideal first corridor as part of a national hyperloop network that could dramatically reduce travel times between India’s major cities to as little as two hours. Virgin Hyperloop One can help India become a global transportation pioneer and forge a new world-changing industry.