Abu Dhabi – Mubasher: Hyperloop Transportation Technologies revealed that Abu Dhabi's Hyperloop capsule, the world's first commercial hyperloop system, will cost between $20 million and $40 million per kilometre.
The Hyperloop system, the first-of-its-kind project in the world, is expected to be opened in 2020, chairman of Hyperloop Transportation Technologies Bibop Gresta told the UAE's state-run news agency WAM.
He added that the project can recoup its investment in 8 to 15 years.
“Today we’re announcing that the capsule has already left the assembly facility in Spain, and is on its way to Toulouse, France, where we have a prototype track. As soon as it arrives in Toulouse, it will be put in a tube and then they will test the system with the first passenger,” Gresta said.
Set to be by 2019, the project’s first phase includes construction of 10 kilometres out of a 150 kilometres system between the UAE's two biggest emirates, Abu Dhabi and Dubai.
“The capsule will be assembled and optimised in Toulouse, prior to use in the Emirates with the goal of eventually connecting Abu Dhabi to Al Ain and Dubai at unprecedented speeds, safely, efficiently, and sustainably,” Gresta added.
In April 2018, HyperloopTT signed a memorandum of understanding (MoU) with Abu Dhabi's Aldar Properties to create a new Hyperloop TT centre including, a full-scale commercial Hyperloop system, a Hyperloop R&D Advanced Mobility Centre, a Demonstration & Visitor Centre, and an Innovation Hub.
