The government of Andhra Pradesh has signed a Memorandum of understanding (MoU) with California-based Hyperloop Transportation Technologies (HTT) to develop India’s first Hyperloop route in the State. In a blog post, HTT announced its first agreement in India for the new transportation system. The futuristic transport company said the project is expected to create over 2,500 jobs. The proposed route for the Hyperloop between the city centers of Vijayawada and Amaravati could potentially turn a trip of more than one hour into a 6-minute ride. The project will use a public private partnership (PPP) model with funding primarily from private investors, HTT said in the post.
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