Daily Archives: June 17, 2018

Chief Minister of Maharashtra Visits Virgin Hyperloop One’s Test Facility to View Live Test; Feasibility Study of Pune-Mumbai Route in Advanced Stage

Shri. Devendra Fadnavis, Hon’ble Chief Minister, Views Live Test at Virgin Hyperloop One’s DevLoop Test Track

Pune to Mumbai Hyperloop Project Advances into Second Half of Feasibility Study

NORTH LAS VEGAS, June 17, 2018 (GLOBE NEWSWIRE) — Chief Minister of Maharashtra, Devendra Fadnavis, and representatives from the State Government including the Pune Metropolitan Region Development Authority (PMRDA), visited Virgin Hyperloop One at their full-scale hyperloop test site in the Nevada Desert — building upon  the historic Framework Agreement signed in February to build the first hyperloop in India. Justin Fishner-Wolfson and Nick Fox were in attendance as well, representing Virgin Hyperloop One’s Board of Directors. The Pune-Mumbai hyperloop project has currently reached the midpoint of the in-depth feasibility study, which is on track to finish this summer. Chief Minister of Maharashtra visits Virgin Hyperloop One's test facility to view live test

“This was a very fruitful discussion and we should be able to start moving on this project very fast,” said Shri. Devendra Fadnavis, Hon’ble Chief Minister of Maharshta.

The feasibility study will build upon the findings of the pre-feasibility study signed in November 2017 between Virgin Hyperloop One and the Pune Metropolitan Region Development Authority (PMRDA). Virgin Hyperloop One’s feasibility study team consists of world-class experts from Systra, KPMG and Turner & Townsend who will analyze and define the route alignment including environmental impacts, the economic and commercial aspects of the route, the regulatory and safety framework, and cost and funding strategies to deliver the project. A significant proportion of the Virgin Hyperloop One system components are expected to be manufactured locally, especially in Maharashtra — creating new high-technology and manufacturing jobs.

The hyperloop route will link central Pune, Navi Mumbai International Airport, and Mumbai in 25-minutes, connecting 26 million people and creating a thriving, competitive megaregion. The high-capacity passenger and cargo hyperloop route will eventually support 150 million passenger trips annually, saving more than 90 million hours of travel time, and providing citizens with greater opportunities and social and economic mobility. The hyperloop system will also have the potential for the rapid movement of palletized freight and light cargo between
the Port of Mumbai and Pune, creating a robust backbone for on-demand deliveries, supply chains, and next-generation logistics.

“I am incredibly excited to see this Pune-Mumbai hyperloop project go from a vision to reality as it starts detailed planning. The opportunity is enormous — to connect 26 million people with access to affordable infrastructure that will unlock significant economic and social value.” said Sir Richard Branson. “It is an honour to work with the State of Maharashtra and its key stakeholders, sharing their vision to transform not only transportation but wider society.”Chief Minister of Maharashtra visits Virgin Hyperloop One's test facility to view live test

The Pune-Mumbai route could result in USD $55 billion (INR 350,000 crores) in socio-economic benefits (time savings, emissions and accident reduction, operational cost savings, etc.) over 30 years of operation, according to an initial pre-feasibility study completed by Virgin Hyperloop One. The 100% electric, efficient hyperloop system will ease severe expressway congestion and could reduce greenhouse gas emissions by up to 150,000 tons annually.

“Traditionally, transportation has been very vertically integrated. With a wealth of talent and technological prowess right here in India, we’re looking for local partners to scale an integrated supply chain ecosystem.” said Virgin Hyperloop One CEO Rob Lloyd. “The State of Maharashtra is positioning itself at the epicenter of a new global supply chain.”

Note for editors: For press signing photo, b-roll, fact sheet, click here. Additional Virgin Hyperloop One images can be accessed here.

About Virgin Hyperloop One

Virgin Hyperloop One is the only company in the world that has built a fully operational hyperloop system. Our team has the world’s leading experts in engineering, technology, and transport project delivery, working in tandem with global partners and investors to make hyperloop a reality, now. Virgin Hyperloop One is backed by key investors including DP WorldCaspian VC PartnersVirgin GroupSherpa CapitalAbu Dhabi Capital GroupSNCFGE VenturesFormation 8137 VenturesWTI, among others. For more information, visit www.virginhyperloopone.com.

Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/081774a5-050e-42a8-93de-346f7b3cae23

http://www.globenewswire.com/NewsRoom/AttachmentNg/7234a3d5-e1f9-455a-9411-f8c3c1a11e4c

Media Contacts
FTI Consulting
Amrit Singh Deo
Managing Director - Strategic Communications
amrit.singhdeo@fticonsulting.com
+919167428242

Virgin Hyperloop One
Ryan Kelly
Head of Marketing and Communications
press@hyperloop-one.com
+1-610-442-1896

Recall: ERC begins distribution of urgent humanitarian aid to liberated areas of Hodeidah, Yemen

WAM would like to recall its story titled “ERC begins distribution of urgent humanitarian aid to liberated areas of Hodeidah, Yemen”. An updated story will be released soon.

Source: Emirates News Agency

Fujairah Ruler offers condolences to martyrs’ families

DIBBA AL FUJAIRAH, H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, today offered his condolences to the families of the nation’s martyrs 1st Corporal Obaid Hamdan Saeed Al Abdouli and Sergeant Khamis Abdullah Al Zeyoudi, who died while performing duties as part of the Saudi-led Arab Coalition’s ‘Operation Restoring Hope’ in Yemen.

While visiting to the mourning tents in Dibba Al Fujairah, Sheikh Hamad prayed to Allah Almighty to have mercy on the martyrs souls, grant them eternal peace and to provide their families with patience and solace.

H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, Sheikhs and senior officials, offered their condolences alongside the Fujairah Ruler.

Source: Emirates News Agency

Emirates Red Crescent begins distribution of humanitarian aid to liberated areas of Hudeidah

HUDEIDAH, The Emirates Red Crescent yesterday began the distribution of urgent humanitarian supplies to civilians in the liberated areas of Hudeidah, announced H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates Red Crescent, ERC.

The distribution of humanitarian aid in Hodeidah’s liberated areas aims to ease the suffering of the Yemeni civilians who continue to face severe economic hardship under the occupation of the Houthi militia.

The distribution of humanitarian aid coincides with the celebration of Eid al-Fitr and was dispatched in liberated areas in Hodeidah as well as other Yemeni areas along the Red Sea coast that are no longer under Houthi control.

Dr. Al Hassan Ali Taher, Governor of Hudeidah highlighted in a statement to the Emirates News Agency (WAM) that the UAE’s significant efforts to support Yemen, its people and its legitimate government has not wavered.

“The UAE is doing all it can to liberate Yemen from the control of the Iranian-backed Houthis. It is providing the necessary aid to alleviate the hardships caused by the militia. The UAE is also engaged in massive efforts to rebuild the country’s infrastructure, focused heavily on hospitals and schools. Its efforts to bring life back to normalcy in liberated areas are commendable. The UAE’s humanitarian initiatives have had a great positive impact on the living conditions of the Yemenis,” the Governor explained.

Hareb Al Awani, Member of the ERC Team on the Red Sea Coast of Yemen, said that the ERC is also supporting the current efforts to liberate Hudeidah through launching development projects.

He highlighted that “The people of the liberated areas of Hodeidah expressed their happiness at the arrival of the urgent humanitarian aid and thanked the UAE’s leadership for their care and support. They said that this continued support by the UAE is a testament to the depth and solid foundations of relations between the two countries.”

The ERC dispatched an emergency relief bridge consisting of ten UAE vessels carrying 35,000 tonnes of foodstuffs, as well as an emergency aid airlift that includes seven flights carrying 14,000 food parcels to the Yemeni people. Also dispatched are 100 trucks carrying aid purchased from local markets.

The UAE has contributed US$3.7 million to aid to Yemen from April 2015 to May 2018; focused primarily on healthcare, education, security, public facilities, infrastructure and reconstruction and directly benefiting 13.8 million Yemenis, of which 5.3 million are children.

The UAE has also pledged US$500 million to support the UN Humanitarian Response Plan for Yemen in 2018, in addition to US$70 million to renovate seaports and airports.

The UAE has also set up a humanitarian assistance office in Yemen to provide field support to international aid organisations with the aim of expediting emergency response to civilians in need.

Source: Emirates News Agency