In a recent press release, Hyperloop Transportation Technologies mentions that the project will be based on private funding and will use a Public Private Partnership model. A six-month feasibility study will be conducted at the beginning of the project in October. Afterwards, the first project of HTT will be built in India.
What is Hyperloop?
Hyperloop, an idea from Tesla CEO and SpaceX Founder Elon Musk, boasts of a transportation system which proposes to propel a pod-like vehicle through a near-vacuum tube at nearly 1,100 km per hour and above. The pod lifts off the track using magnetic levitation and glides at aircraft speeds for long distances, owing to ultra-low aerodynamic drag.
In February this year, Rob Lloyd, CEO of Hyperloop One, met Railway Minister Suresh Prabhu and promised to revolutionise the advanced surface system in the country. If implemented, it would be possible to travel from Delhi to Mumbai in 55 minutes, Mumbai to Chennai in 50 minutes and Bengaluru to Chennai in 20 minutes.
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