HTT signs deal to introduce India's first hyperloop transportation system
US-based Hyperloop Transportation Technologies has signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) in India to facilitate the development of a hyperloop route from Amravati to Vijayawada.
The project is expected to reduce the journey time between the two cities from more than an hour to just six minutes.
HTT’s Hyperloop Transportation System will be developed under a public private partnership that will create roughly 2,500 new jobs.
HTT chairman and co-founder Bibop Gresta said: “We are extremely delighted to have entered into a MoU with the Government of Andhra Pradesh to bring the HTT Hyperloop to India.
“In partnering with Andhra Pradesh, HTT will work with local stakeholders to build the regulatory standards necessary for safe and efficient operation.”
The first phase of the project will see the company carry out a six-month feasibility study, which is scheduled to commence next month.
The study will assess the cityscapes surrounding the two locations, identify the relevant stakeholders and devise the best route for the project in order to connect the centres of Vijayawada and Amaravati as efficiently as possible.
APEDB CEO Krishna Kishore said: “Amaravati is a state-of-the-art city being developed in Andhra Pradesh as its de facto capital.
“In order to boost its image and emerge as the frontier city in future technology, Amaravati is looking forward to collaborating with Hyperloop Transportation Technologies.”
HTT was originally established in 2013 and has regional offices at Abu Dhabi and Dubai in UAE; Toulouse, France; and Barcelona, Spain.
Image: Hyperloop Transportation System. Photo: courtesy of PRNewsfoto / HTT.