Virgin Hyperloop launches ground work on ₹60,500-cr road project
Virgin Hyperloop One has initiated multi-pronged steps to fast track the mega Mumbai-Pune road project in Maharashtra. The ultramodern, superfast transport project will reduce travel time between the two cities, located 200 km apart, from four hours to about 25 minutes. The company has been working with the state for the last two years. The construction work is likely to start shortly, informed director (operations), India, Virgin Hyperloop One, Naushad Oomer. The first phase of the project will be completed within four years and the second in another four years as the Maharashtra government has accorded infrastructure status to the project. In Mumbai, the project will be underground and will get elevated on the outskirts. The first phase of the project is 11.8-km-long and will cost $500 million (₹3,550 crore) and the company will make the investment with the backing of DP World, Dubai. The second phase will cost over $8 billion (₹57,000 crore) and the project is likely to be implemented in 60:40 debt-equity ratios, added Oomer.
📅Published on:
25 October 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
