There have been new developments in the Bengaluru Airport. Virgin Hyperloop and Bangalore International Airport Limited (BIAL) signed its first Memorandum of Understanding (MoU) to manage a feasibility study for a proposed hyperloop corridor from Kempegowda International Airport to Bengaluru city. According to a statement released by Virgin Hyperloop, the connectivity would reduce the travel time between the airport and city center to 10 minutes.

100 per cent discount on processing fees, SBI announces special benefits on loans

We are thrilled to announce a trailblazing #partnership with @virginhyperloop which will delve into the feasibility of a mode of mass transit to enable #travel from #BLRairport to the city centre in 10 minutes. Know more: https://t.co/YoP0qKnGGP #WeAreHereForYou pic.twitter.com/WYCl73Ua5V

— BLR Airport (@BLRAirport) September 27, 2020

The statement read, “The pre-feasibility study, which focuses on technical, economic and route feasibility, is expected to be completed in two phases of six months each. With a speed of up to 1,080 kmph, the hyperloop could transport thousands of passengers per hour from Bengaluru Airport to the city center in under 10 minutes, according to the preliminary analysis." The MoU was exchanged virtually between Sultan bin Sulayem, Chairman of Virgin Hyperloop and DP World, and T.M. Vijay Bhaskar, Chief Secretary of Karnataka and Chairman of the Board of Directors at BIAL in the presence of Kapil Mohan, Principal Secretary, Infrastructure Development Department.

Stock market closed on first day of the week, Sensex-Nifty closed with excellent growth

TM Vijay Bhaskar said, “The commissioning of a feasibility study for hyperloop connectivity from Bengaluru Airport is another major step towards building the infrastructure required to define mobility for the future and enabling the efficient movement of people." Virgin Hyperloop said that travelers could streamline their multimodal trip with a seamless check-in and security for both their hyperloop as well as air travel at centrally-located hyperloop portals. Meanwhile, Bengaluru airport declared that it would be correlated to the suburban railway in a few weeks and have metro connectivity in four years.

RBI postpones Monetary Committee meeting, announces new dates soon