First publishedon www.ITSInternational.com
The project billed as the world’s first commercial hyperloop system is on course to open its first 10km section next year in Abu Dhabi, United Arab Emirates (UAE).
In an interview Bibop Gresta, chairman of Hyperloop Transportation Technologies, told Emirates News Agency that the average cost would be $20-40m per km.
Despite the cost, he is confident that the scheme – which will eventually run for 150km between Abu Dhabi and Dubai – will pay for itself in “eight to 15 years”.
“It will be paying for itself and then it will be generating profits for the country,” he said. “So it is not only fast but also very efficient."
The system uses electro-magnetic levitation engineering to carry pods at high speeds, thus reducing journey times considerably.
Gresta said that a capsule which will be deployed on the project is being tested in Toulouse, France, on a prototype track before being used in the UAE.
"Hyperloop can quickly become profitable. It presents the ability to build a mass transit system that would not require government subsidies," he added.