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Hyperloop startup says construction on Abu Dhabi track will commence in Q3 2019
This week, startup Hyperloop Transportation Technologies (otherwise known as HyperloopTT) announced that it would start building a commercial Hyperloop track as well as an "XO Square Innovation Center" and a "Hyperloop Experience Center" in Abu Dhabi, capitol city of the United Arab Emirates. Construction will commence in the third quarter of 2019, HyperloopTT claimed.
It’s been 5 years since Elon Musk proposed a Hyperloop designThe news seems to extend an agreement made public in April. That's when HyperloopTT and a state-controlled real-estate developer announced the acquisition of a construction site where a six-mile (10km) commercial track would be built from Abu Dhabi, with the hopes of reaching Dubai.
HyperloopTT and its competing startup, Virgin Hyperloop One, have attracted $31.2 million and $196.2 million in investment, respectively. Both startups regularly conduct feasibility studies for hyperloop systems in locations across the globe, and they announce agreements with governments eager to cash in on hyperloop's theoretical potential.
(Score: 2) by takyon on Tuesday October 30 2018, @03:43PM (1 child)
Let me guess... Garfield.
I figured it out! You're Jim Davis!
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by Runaway1956 on Tuesday October 30 2018, @03:48PM
You get three guesses, you know. You just blew two of them away. Don't be so wasteful!!