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Tuesday , 28 May 2024

Punjab signs MoU with Virgin Hyperloop One

The Punjab government signed a memorandum of understanding (MoU) with Dubai-based Virgin Hyperloop One to conduct a pre-feasibility economic study for Amritsar-Ludhiana-Chandigarh routes.

According to Virgin Hyperloop One, the project will reduce travel time from five hours by road to less than 30 minutes on the Amritsar-Ludhiana-Chandigarh route.

The memorandum of understanding (MoU) was signed by K Siva Prasad, Principal Secretary (Transport), Punjab, and Harj Dhaliwal, Managing Director (Middle East & India), Virgin Hyperloop One, in the presence of Punjab Chief Minister Amarinder Singh and DP World Subcontinent CEO and MD, Rizwan Soomar.

For Virgin Hyperloop One, this is the second project after Pune-Mumbai. Besides, the company is also in discussion with the Haryana government for a separate MoU to evaluate the feasibility that could potentially extend the route from Punjab to the National Capital Region (NCR).

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