Indonesia Embraces HTT with $2.5M Hyperloop Feasibility Study
Hyperloop Transportation Technologies (HTT) has announced the signing of an agreement for a feasibility study with a contract value of $2.5 Million with private investors. This agreement marks the immediate exploration of the feasibility for a Hyperloop system for Indonesia with an initial focus on Jakarta and a full exploration of Hyperloop transportation connecting Java and Sumatra. This is the first Hyperloop agreement in Southeast Asia. In the past year, HTT has made multiple historic deals and is currently working directly with regulators and governments including: A multitude of similar government agreements is expected this year as HTT continues to create private-public partnerships to develop route studies and the necessary regulatory framework for the Hyperloop systems worldwide. With a population of over 260 million, Indonesia is the fourth most populated country in the world. The city of Jakarta, with a population of over 10 million people, faces some of the worst traffic in the world with a commonplace daily four-hour commute. An estimated 70 percent of the air pollution comes from vehicles. A Hyperloop system would go to great lengths to help solve these issues. For example, a Hyperloop route from Jakarta to Yogyakarta would take approximately 25 minutes, compared to nearly 10 hours via automobile. Jakarta to neighboring Bandung would take 9 minutes, versus the current 2.5 hours, and a Hyperloop connecting Jakarta Soekarno-Hatta International Airport to the Jakarta city center would take 5 minutes, compared to 30 minutes. “Indonesia, and Jakarta, in particular, is one of the most densely populated areas in the world,” said HTT Chairman, Bibop Gresta. “With traffic and congestion being such a big issue there, the Hyperloop will be a welcome transformation for the region.” “The Hyperloop will affect the full spectrum of life, from business to quality of life to sustainability,” said Dwi Putranto Sulaksono, founder of The Dwiyuna Jaya Foundation, the local partner. “We are happy to create this partnership with HTT which will create a positive impact for Indonesia.” “We have been in negotiations directly with a wide multitude of governments around the world for over two years now,” said Dirk Ahlborn, CEO of HTT. “Now that we are ready to build our first system, developing the necessary regulatory framework is the most important step.”
