The Indian state government of Maharashtra has app

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In a partnership that includes the state government, DP World plans to invest US$500 million in private capital to complete Phase One of the project without using public funds.

According to the consortium, this is a landmark announcement for building the Pune-Mumbai hyperloop - recognizing the technology for the first time alongside other forms of mass transit. The link from central Pune to Mumbai is expected to be less than 35 minutes, compared to over 3.5 hours by road.

The project partners claim it will generate hundreds of thousands of new high tech jobs, create over US$36 billion in wider socio-economic benefits, and create new hyperloop-related manufacturing opportunities for Maharashtra to export to India and the rest of the world.

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