Ranchi, Feb. 3: A delegation of Hyperloop Transportation Technology, a company providing transportation facilities, met Chief Minister Raghubar Das at Project Building on Friday.
The company proposed to the government to make tube based transportation system in Ranchi and in between Ranchi, Dhanbad, Jamshedpur and Bokaro. The company also gave presentation of the technology , expressed their desire to work on PPP mode and bear all expenditure on this, sources said.
Hyperloop Chairman B.G. Grista said that the company uses magnet or vacuum based technology which gives more speed at low expenditure of energy. The expenditure also is much lower to Metro or High Speed Train as the company uses Solar Rooftop for energy. Grista said that its manufacturing in Jharkhand will cost less since most raw materials are available in the state.
Das invited the Company to participate in the upcoming Investors’ Summit 2017 to be conducted on 16th-17th February. The company will give a presentation on it.
Chief Secretary Raj Bala Verma, Additional CS Amit Khare, A.K. Singh, Industry Director K. Ravi Kumar and other people were present on this occasion.