Targeted SkyWay Project in India: Search of Solution for Trilateral Puzzle

Targeted SkyWay Project in India: Search of Solution for Trilateral Puzzle

15 March 2017 29955

India, State of Jharkhand.

Several months of work with an Indian industrial investment group have completed successfully. This cooperation began in September last year after InnoTrans 2016. Participation of the SkyWay Group of Companies in one of the world’s largest transport exhibitions aroused interest to SkyWay transport among representatives of India.

This was preceded by several visits of the President of SkyWay Group of Companies Anatoly Yunitskiy to India, negotiations at different levels of government including a presentation for Nitin Gadkari, Minister for road transport, highways and cargo traffic of the country with the population of 1.3 billion people.

The staff of SkyWay Technologies Co. prepared pre-Project proposals and, after introducing amendments from the Indian party, started the feasibility study of projects. As a result, a trilateral investment agreement has been signed. The large-scale Project consists of three parts: an urban test section, a transport system for the capital of the State and connection of two cities with a line of high-speed transport.

A comprehensive solution to complicated transport problems in the State is estimated at USD 922 million, while it will create about 1,000 jobs.

The next steps on the project are:

– land allocation

– structuring of investment transactions

– start of design and survey work

Note. Ranchi is the capital of the State of Jharkhand, Jamshedpur is its largest city. The State concentrates 40% of the mineral resources of India, it is one of the most industrialized States in the country. It has developed metallurgy, chemical industry and heavy engineering industry; the state mines coal, iron and uranium ore.





Evgeny Petrov

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