Maharashtra CM Devendra Fadnavis visited one of "Virgin Hyperloop One" test sites in the US. This visit follows the MoU signed by the state government with the Virgin Group to build the Mumbai-Pune Hyperloop at an estimated cost of ?20,000 crore. The Hyperloop is expected to reduce the travel time between the two cities to 25 minutes. In February 2018, Virgin Hyperloop One founder and chairman Richard Branson had signed an agreement in presence of Prime Minister Narendra Modi and CM Fadnavis to take up the Mumbai-Pune project.