TransPod signs MoU for 300km Hyperloop line
The Canadian start-up is set to begin a feasibility study for the line which will link the cities of Calgary and Edmonton.
TransPod has signed a memorandum of understanding with the government of Alberta which covers a feasibility study. In addition, preliminary work is set to begin on a test track.
The agreement does not involve “financial commitments or endorsements” from the province.
The MoU will enable the company to study the feasibility of the technology-focused around the plans as well as finding land for a test track and sharing transportation data.
If the project is completed, the Hyperloop will have the ability to carry passengers at speeds of up to 1,000km/h. Services will depart regularly and will travel in a ground-level protected guideway.
The MoU will also enable private investments to begin. The entire project is set to cost between $6 and £$10bn, according to CEO, Sebastien Gendron. The project is set to create around 38,000 jobs over a ten year development period.
The company aims to commence construction of the Hyperloop in 2025.
Ric McIver, Alberta’s minister of transportation, said: “By supporting TransPod’s feasibility study, Alberta Transportation will provide important information contributing to the research, development, testing, and construction of a full inter-city TransPod line between Edmonton and Calgary.”
Sebastien Gendron, co-founder and CEO of TransPod said: “Alberta’s leadership mindset and partnership with TransPod firmly places it at the cutting edge of transportation innovation”. He then went on to say: “Through this strategic agreement, that secures the province’s economic future without having to commit any taxpayer dollars, the government of Alberta is investing in improving growth and quality of life in the region.”
In January 2019, TransPod expanded its France operations in preparation for more in-depth Hyperloop testing. It was also revealed three years ago that Hyperloop would tally up to almost half the cost of a ‘traditional’ high-speed rail line.
Image credit: TransPod
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