TransPod, the startup that is building the world’s leading hyperloop system (the TransPod system) to disrupt and redefine commercial transportation, today announced it has signed a memorandum of understanding (MOU) with the Government of Alberta in Canada to support the development of safe, high-speed transportation in Alberta, based on the 1000 km/h TransPod vehicle. The MOU facilitates the process of attracting private investment to the province, in order to build a multi-billion-dollar infrastructure project. The project is estimated to create up to 38,000 jobs over 10 years, diversify Alberta’s economy, improve the efficient movement of people and goods, and reduce Alberta’s carbon emissions by up to 300,000 tonnes per year.” data-reactid=”13″TransPod, the startup
(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