Hyperloop Transportation Technologies (HTT) signed a Memorandum of Understanding with the Andhra Pradesh Economic Development Board (APEDB). This Memorandum of Understanding (MoU) will facilitate the development of HTT’s Hyperloop Transportation System in Andhra Pradesh.
The proposed route for the Hyperloop is between the city centres of Vijayawada and Amravati, potentially turning a trip of more than one hour into a 5-minute ride. The project will use a Public Private Partnership (PPP) model with funding primarily from private investors
During Phase 1 of the project, HTT will conduct a six-month feasibility study commencing in October. Working with partners in the public and private sector, HTT will analyze the surrounding cityscapes to create the best route between the two cities while identifying all pertinent stakeholders in the region. After conducting the initial six-month feasibility study, Phase 2 of the project will construct and build HTT’s first Hyperloop in India.
Krishna Kishore, Chief Executive Officer, Andhra Pradesh Economic Development Board said, “Major cities of the world has seen declines in livability and transportation has been a major contributor due to congestion, air pollution and accessibility and Andhra Pradesh is shaping the way it approaches transportation in the future. By collaborating with Hyperloop, Amravati is embracing a prototype for the mobility of tomorrow.”