Freight Traffic Current Affairs - 2020

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India-Japan sign Rs 15,295 crores rail project

On March 27, 2020, the JICA (Japanese International Cooperation Agency), a funding agency of the Japanese Government signed an agreement with GoI for 3 mega rail infrastructure projects. The project cost has been estimated as Rs 15,295 crores

Highlights

According to the agreements, Rs 8,553 crores have been granted by the JICA for phase I of the Dedicated Freight Corridors to be constructed in India. Also, JICA has granted Rs 4,262 crores for the Mumbai-Trans Harbour link project. Around Rs 2,480 crores have been granted for the Mumbai Metro Line Project.

Significance

The dedicated freight corridor aims at fulfilling the increased freight transport demand in the country. It will act as a backbone for the Delhi-Mumbai Industrial Corridor development plan.

All the three projects focus on Mumbai as the population in the metropolitan city has increased. Also, several industries have come up in the region. This will also help in reducing pollution levels in the city.

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IITM hosts India’s first Hyperloop Pod Competition-What is Hyperloop Pod?

For the first time in India IIT Madras is to host Hyperloop pod competition in July 2020. India has taken a few steps in bringing the environment friendly Hyperloop pod transport in the country.

Highlights

The Hyperloop Pod Transportation Project was approved by the Maharashtra Government to build the first Hyperloop line between Pune and Mumbai. Similarly, another project of Hyperloop pod transport has been undertaken between the cities of Vijayawada and Amaravati.

Similar projects are expected to operate in China, UAE as well.

International Competition

The International Competition of Hyperloop Pod Contest was initiated in 2015. The Competition is funded by SpaceX, a leading Space organization of USA.

What is Hyperloop Pod?

The Hyperloop is a sealed loop through which a pod travels. The travel time of the pod is greatly reduced as the pod travels in the tube without air resistance. It is a proposed freight and passenger transport system.

The Concept was introduced in 2013 and has been open sourced by SpaceX since them. This means that anyone in the world is free to use the concept and build on systems based on it.

The Technology

Hyperloop pod works on the same concept of maglev trains where the trains levitate over the tracks with the help of electro-magentic energy. The only difference here is that unlike maglev trains, the pods will run in a partial vacuum environment increasing the speeds and efficiency.

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