Hyperloop Transportation Technologies (HTT) signed a memorandum of understanding with the Andhra Pradesh Economic Development Board (APEDB) on Wednesday to connect Vijayawada and Amaravati, the new capital of Andhra Pradesh in Guntur district.
The 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 Amaravati, 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.
“We are extremely delighted to have entered into a MoU with the government of Andhra Pradesh to bring the HTTP hyperloop to India,” said Bibop Gresta, Chairman of Hyperloop.
“In partnering with Andhra Pradesh, HTT will work with local stakeholders to build the regulatory standards necessary for safe and efficient operation.”
During the first phase of the project, HTT will conduct a six-month feasibility study commencing in October.Feasibility study
Working with partners in the public and private sector, HTT will analyse the surrounding cityscapes to create the best route between the two cities while identifying all stakeholders in the region.
After conducting the feasibility study, in the second phase of the project, the company will construct and build the first hyperloop in the country.