World’s first hyperloop transportation system to come up at Maharashtra
- Maharashtra has granted infrastructure project status for a $10-billion plan (around Rs 70,000 Crore) to build the world’s first ultra-fast hyperloop project i.e Mumbai-Pune hyperloop project.
- The superfast transport project aims to link Mumbai and Pune. The distance between the two city is around 200 km. The project will reduce the time taken to travel from the present 3 hours to 25 minutes.
- DP World, a major Dubai port operator with significant business in India, will be spending $500 million to complete phase one of the project; the rest of the money will come from other investors. The Pune Metropolitan Region Development Authority (PMRDA) will oversee the project