First Hyperloop of the World Would Cost Up To $40 Million per Kilometer
Bibop Gresta, Chairman of Hyperloop Transportation Technologies, has disclosed that the world’s first commercial hyperloop system, which is ready to open in Abu Dhabi in 2020, would be costing $20 to $40 million per kilometer.
During an exclusive interview with a leading news agency, Gresta declared that Abu Dhabi’s Hyperloop capsule has left the assembly facility in Spain for Toulouse, France. The loop would be tested and optimized. Gresta also stated that it would be the first-of-its kind project in the world that can regain the investment within 8 to 15 years.
The project’s first phase would require the construction of 10km out of a 150km system between Abu Dhabi and Dubai and is going to be ready by next year 2020.
In 2018, April HyperloopTT endorsed a Memorandum of Understanding (MoU) with Abu Dhabi’s Aldar Properties, which, when enforced, would allow the building of a new Hyperloop TT centre, which includes, a full-scale commercial Hyperloop system, a Demonstration & Visitor Centre, an Hyperloop R&D Advanced Mobility Centre, and an Innovation Hub.
The suggested HTT site within Aldar’s Seih Al Sderieh land bank is also favorably situated on the border of the Emirates of Abu Dhabi and Dubai, and it’s also close to the Expo 2020 site and Al Maktoum International Airport.
Fundamentally, the Abu Dhabi Hyperloop system is presently past the practicability study. Gresta stated that they have already finished the study after collaborating with Aldar Properties last year. In the world, it will be the first commercial Hyperloop line.
Gresata added that the capsule will be put together and amended in Toulouse, before using in the Emirates with the aim of finally connecting Abu Dhabi to Al Ain and Dubai at extraordinary speeds in a safe, efficient, and sustainable manner.
The cutting-edge technology uses electro-magnetic waft engineering that would carry pods at 1,123 km/h. In other words, it would diminsh travel times between the emirates from hours to minutes. He added that Hyperloop can become profitable.
Gresta stated that an average cost usually comes between $20 million (Dh73 million) to $40 million (Dh147 million) per kilometer.