(TNS) — Proposed hyperloop transportation systems, which developers say can move pods with passengers or freight through low-pressure tubes at more than 500 miles an hour, have received a key endorsement: validation by the U.S. Department of Transportation.
Transportation Secretary Elaine Chao released a 22-page document Thursday called Pathways to the Future of Transportation that’s designed to encourage innovation and place new transportation concepts under a specific regulatory agency. The document was developed by the Non-Traditional and Emerging Transportation Technology Council that Ms. Chao appointed about 18 months ago.
For hyperloop advocates, the important step was placing hyperloop proposals under the Federal Railroad Administration and making hyperloop projects eligible for federal grants to help fund projects.
“This is a turning point for the industry,” said Ryan Kelly, vice president of Virgin Hyperloop One, one of two developers proposing systems to link Pittsburgh with Chicago.
“It gives confidence to stakeholders that