Hyperloop travel is set to come to India. Hyperloop Transportation Technologies (HTT) has signed an agreement with the Andhra Pradesh government to connect the city centres of Amravati and Vijayawada. The MoU marks the first agreement in India for the new transportation system. This route would turn a trip of over an hour into a five-minute ride.
HTT signed an MoU with the Andhra Pradesh Economic Development Board (APEDB) on Wednesday.
The APEDB, along with the government of Andhra Pradesh, will assist Hyperloop Transportation Technologies with all regulatory requirements to develop and implement the hyperloop in Amravati. It will facilitate the development of HTT’s Hyperloop Transportation System in Andhra Pradesh. The proposed hyperloop project between Vijayawada and Amravati will use a public private partnership model, with funding primarily from private investors.
Hyperloop Transportation Technologies chairman and co-founder Bibop Gresta said HTT would work with local stakeholders to build the regulatory standards necessary for safe and efficient operation of the HTT. “During Phase-1 of the project, HTT will conduct a six-month feasibility study commencing in October,” Gresta said.