Ultra-fast transport project of ₹70,000-cr gets infra status

The state government in Maharashtra has recently granted infra status to Mumbai -Pune ultra-fast hyperloop transport project. The ₹70,000 crore project will reduce travel time between the two cities to just 23 minutes, as against the current four hours. The cabinet also approved formation of a consortium of DP World FZE and Hyperloop Technologies as proponents of the original project. The hyperloop will run from BKC in Mumbai to Wakadin Pune, covering a distance of 117.5 km at a speed of 496 km per hour. The project will take seven years for completion. In the first phase, the project will be run on a pilot basis for 11.8km in the Pune Metropolitan region at a cost of ₹5,000 crore, said an official spokesperson.