How is the project progressing?
We have signed an MoU with the Andhra Pradesh government. There will be a six-month feasibility study and after that the construction will begin. We are working on a public-private partnership (PPP) model.
What about the cost?
Building a hyperloop costs just about half the cost of building a high-speed rail system. We can invest up to 70 per cent of the budget and be associated with the project for about eight to ten years. The maintenance, too, will be cheap.
Why are you not considering an underground route?
It is easy to build hyperloop above ground. It is possible to build it underground but it will cost a lot. We want to make use of existing highways or right of way for the project.
What are the challenges you face?
Land acquisition and taking up work in existing corridors are some of them. We have the best pool of scientists. We also have local partners who can help us.
How confident are you about the success of the project, and its safety?
It is not just about speed, hyperloop is an efficient mode of transport. Looking at long-term gains, it is important to invest in technology which is sustainable and energy-efficient. There is no doubt about the technology as we have put it to use in our test track in Nevada. The hyperloop will be safer than travelling by air or rail.
How will hyperloop be useful for a country like India?
India lacks infrastructure. Since it has a dense population, there is the need for sustainable and efficient transportation with a 21st century technology that does not cost much. Hyperloop can be the secret weapon for India to cross China’s economy. China has invested in infrastructure which is obsolete and high on energy and maintenance. The ‘Make in India’ policy is important for us and we are launching partnerships in India. We want to use the talent and resources here.
