Virgin Group on Sunday signed the letter of intent to build a Hyperloop transport system. The Hyperloop train will run between Mumbai and Pune. The LoI was signed with the Maharashtra government. This will reduce travel time between two major cities to 20 minutes. It’s just three hours.
The first hyperloop route will connect the middle Pune to the Mahu Mahanagar besides the Navi Mumbai International Airport. Prime Minister Narendra Modi laid its foundation stone on Sunday evening. Virgin Group Chairman Richard Branson said on the first day of the Magnetic Maharashtra Investor Conference, “We have signed a deal with Maharashtra to build Virgin Hyperloop between Mumbai and Pune. It will start with the track in the field as a test. “
How will Hyperloop benefit the city
He said that through easy access to the airport gate, we would be able to carry 15 million passengers every year. Branson said that this proposed transport system will change the entire transport system and Maharashtra will be a global example in this field. They claimed that this will create thousands of job opportunities. The social-economic benefit of this project will be $ 55 billion.
The details of the project like cost and time have not been disclosed. The Hyperloop path will be a fully electric system and it will have the ability to run for 1,000 kilometers per hour. This proposed project will start after a six-month intensive viability study.