India is officially the next stop for Hyperloop transportation technologies

According to an announcement made earlier today, the Andhra Pradesh Economic Development Board (APEDB) has signed a memorandum of understanding with Hyperloop Transportation Technologies (HTT) to bring the futuristic transport pods to the Indian state. The deal took months to iron out, as India has supposedly been in talks with HTT since December of last year.

HTT’s hyperloop transportation system in Andhra Pradesh is the first planned route in India. It is designed to connect the cities of Amaravati and Vijaywada, cutting a trip of more than one hour down to just six minutes. Funding for its construction will come primarily from private investors.

hyperloop india htt
Image Credit: HTT

“We are extremely delighted to have entered into a MoU with the Government of Andhra Pradesh to bring the HTT hyperloop to India,” Bibop Gresta, chairman & co-founder of HTT, said in a press release. “In partnering with Andhra Pradesh, HTT will work with local stakeholders to build the regulatory standards necessary for safe and efficient operation.”

FASTER TRANSPORT FOR A FAST-PACED WORLD

The agreement involves a two-phase plan. The first phase is a feasibility study set to begin in October, which could last for six months. Phase two would be the actual construction of the hyperloop, which HTT says would bring 2,500 jobs to the Indian state.

 

Aside from this almost immediate economic benefit, the more efficient transportation of a hyperloop system could fuel the IT industry in Andhra Pradesh, according to Nara Lokesh, Cabinet Minister for Information Technology, Panchayati Raj, and Rural Development for the State of Andhra Pradesh.

Source:

India Is Officially the Next Stop for Hyperloop Transportation Technologies

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s