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States » North


Punjab govt signs MoU with Virgin Hyperloop One for pre-feasibility study of hyperloop transportation project

Chandigarh, Dec 3 (UNI) Punjab government has decided to explore the feasibility of a hyperloop transport infrastructure project in the Amritsar-Ludhiana-Chandigarh-National Capital Region (NCR) corridor, in a bid to improve the inter-city transportation in the region and make it more seamless.
''The state government on Tuesday signed a Memorandum of Understanding (MoU) with Los Angeles-based Virgin Hyperloop One to conduct a pre-feasibility economic study for the project,'' said Vini Mahajan, Additional Chief Secretary, Investment Promotion. Los-Angeles based Virgin Hyperloop One is supported by Dubai-based DP World, its largest investor.
The 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 Capt Amarinder Singh, and DP World Subcontinent CEO and Managing Director, Rizwan Soomar.
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