Skip to main content

Chief Minister of Maharashtra Visits Virgin Hyperloop One’s Test Facility to View Live Test; Feasibility Study of Pune-Mumbai Route in Advanced Stage

Chief Minister of Maharashtra, Devendra Fadnavis, and representatives from the State Government including the Pune Metropolitan Region Development Authority (PMRDA) visited Virgin Hyperloop One at their full-scale hyperloop test site in the Nevada Desert — building upon the historic Framework Agreement signed in February to build the first hyperloop in India. Justin Fishner-Wolfson and Nick Fox were in attendance as well, representing Virgin Hyperloop One’s Board of Directors. The Pune-Mumbai hyperloop project has currently reached the midpoint of the in-depth feasibility study, which is on track to finish this summer.
Read more about ILD complaints
“This was a very fruitful discussion and we should be able to start moving on this project very fast,” said Shri. Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra.
The feasibility study will build upon the findings of the pre-feasibility study signed in November 2017 between Virgin Hyperloop One and the Pune Metropolitan Region Development Authority (PMRDA). Virgin Hyperloop One’s feasibility study team consists of world-class experts from Systra, KPMG and Turner & Townsend who will analyze and define the route alignment including environmental impacts, the economic and commercial aspects of the route, the regulatory and safety framework, and cost and funding strategies to deliver the project. A significant proportion of the Virgin Hyperloop One system components are expected to be manufactured locally, especially in Maharashtra — creating new high-technology and manufacturing jobs.
The Hyperloop route will link central Pune, Navi Mumbai International Airport, and Mumbai in 25-minutes, connecting 26 million people and creating a thriving, competitive megaregion. The high-capacity passenger and cargo hyperloop route will eventually support 150 million passenger trips annually, saving more than 90 million hours of travel time, and providing citizens with greater opportunities and social and economic mobility. The Hyperloop system will also have the potential for the rapid movement of palletized freight and light cargo between
the Port of Mumbai and Pune, creating a robust backbone for on-demand deliveries, supply chains, and next-generation logistics.
“I am incredibly excited to see this Pune-Mumbai hyperloop project go from a vision to reality as it starts detailed planning. The opportunity is enormous — to connect 26 million people with access to affordable infrastructure that will unlock significant economic and social value,” said Sir Richard Branson. “It is an honor to work with the State of Maharashtra and its key stakeholders, sharing their vision to transform not only transportation but wider society.”
The Pune-Mumbai route could result in USD $55 billion (INR ₹350,000 crores) in socio-economic benefits (time savings, emissions and accident reduction, operational cost savings, etc.) over 30 years of operation, according to an initial pre-feasibility study completed by Virgin Hyperloop One. The 100% electric, efficient hyperloop system will ease severe expressway congestion and could reduce greenhouse gas emissions by up to 150,000 tons annually.
“Traditionally, transportation has been very vertically integrated. With a wealth of talent and technological prowess right here in India, we’re looking for local partners to scale an integrated supply chain ecosystem,” said Virgin Hyperloop One CEO Rob Lloyd. “The State of Maharashtra is positioning itself at the epicenter of a new global supply chain.”
Read more about ILD complaints

Comments

Post a Comment

Popular posts from this blog

IT Department attaches benami properties worth Rs 43 billion; Jaipur and Mumbai top the list

New Delhi: The Income Tax Department has attached over 1,500 ‘benami’ properties worth Rs 43 billion in the last one and half years, around the same time as the introduction of the revised benami legislation, a financial daily has reported. According to a report in the Business Standard, Jaipur and Mumbai top the list, each with an attachment of 200 properties. This is followed by Lucknow with an attachment of 50 properties, Kolkata at 144, Chandigarh at 110 and Hyderabad at 100 properties. Patna has seen the least number of property attachments at 30, the report added. know more about  INTERNATIONAL LAND DEVELOPERS FRAUD  by clicking on it. “The I-T department has worked swiftly in identifying benami transactions since the enactment of the revised legislation. Over 1,500 properties have been attached so far. Many are on the radar. Search and surveys are on involving gold dealers, bankers, hawala operators, senior government officials, and politicians, etc,” Business Sta...
10 comments
Read more

Greater Noida West: The Hub of Affordable Realty

Greater Noida West is one such area under National Capital region which is buzzing with realty activities with almost 65 developers’ presence that have come up with a slew of projects here with multiple options. The location is destined to attract most of the middle income group customers as most of the projects being developed here are in the affordable range. In comparison with other parts of the Delhi NCR like Noida Expressway, Dwarka, Gurgaon Expressway, and NH-8, Greater Noida West, erstwhile Noida Extension is the only region which has become one of the favorite residential zones for middle-class buyers as the place offers properties in the affordable range . The area, once surrounded by controversies has moved ahead and is witnessing a set of planned infrastructural development. The area has the lowest property prices in the entire Noida region and is fast becoming a residential hub. Those who had invested in the region three years ago are already sitting on an appreciated pro...
Post a Comment
Read more

Professionalism and Transparency can make a Brand Excel

“The keys to brand success are self-definition, transparency, authenticity, and accountability”, these lines by Simon Mainwaring express the importance of transparency exquisitely. Transparency helps in building the trust of the customer in any business. Especially, when it comes to real estate, it becomes necessary for the developer to maintain professionalism and pellucidity as it is the matter of people’s dreams and aspirations. Get affordable housing ranges at  HomeKraftBy ATS  by clicking on it.  In the real estate sector, the accomplishment of the commitments works as the benchmark for the future projects. Both, established and the upcoming developer would never overlook the transparency factor. The primary aspect the buyer focuses on, apart from budget, amenities, and location, is the transparency and history of the developer that helps him in the decision-making process. Post RERA implementation, India has made improvements and hence shifted one spot up in the...
Post a Comment
Read more