MUMBAI: Maharashtra has granted infrastructure project status for a US$10-billion plan to build the world's first ultra-fast hyperloop project, ...
MUMBAI: Maharashtra has granted infrastructure project status for a US$10-billion plan to build the world's first ultra-fast hyperloop project, aiming to link the financial hub of Mumbai with the neighbouring city of Pune.
"This project would mark the beginning of a new era in the country's transport sector," the state government said in a statement late on Wednesday. The first phase of the plan envisages an 11.8-km -long track to be built in up to 2-1/2 years with an investment of 50 billion Indian rupees in Pune, the government said.In a separate statement, DP World said it was willing to invest US$500 million in private capital to complete the project's first phase to prove that the technology is safe and viable.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top PGA Tour players spurn US$10 million bonus pool moneyA US$10 million (£8.2 million) bonus pool for the top PGA Tour players over the regular season has not been enough to attract any of the top seven ...
Read more »
India outlaws controversial Muslim 'instant divorce'NEW DELHI (AFP) - India's parliament passed on Tuesday (July 30) a law against the controversial Muslim practice of 'instant divorce', making it a criminal offence punishable by up to three years in prison.. Read more at straitstimes.com.
Read more »
Rolls Royce faces probe over India dealsNEW DELHI: Indian investigators have launched a criminal probe into millions of dollars paid by a Rolls Royce energy firm to an intermediary in ...
Read more »
Rolls Royce faces probe over India dealsIndian investigators have launched a criminal probe into millions of dollars paid by a Rolls Royce energy firm to an intermediary in connection with deals with state-owned firms in the South Asian nation, according to documents seen by AFP. The document said officials from the Indian firms -- Hindustan
Read more »
Robo-advisory startup Bambu raises US$10m to grow global team, offer more productsBAMBU, a Singapore-based provider of digital wealth technology, has raised US$10 million in Series B funding to build up its delivery and support teams in key global markets and expand its product offering to target new segments within financial services. Read more at The Business Times.
Read more »
Death of the coffee king reveals strain of India's cash crunchMUMBAI (BLOOMBERG) - Even before the body of coffee chain tycoon V.G. Siddhartha was recovered from a river in southern India this week, the financial strains that appear to have led him to take his own life were beginning to emerge.. Read more at straitstimes.com.
Read more »