Dubai Signs Deal To Evaluate World's First Hyperloop
Mohammad Ali (@ChaudhryMAli88) Published November 08, 2016 | 02:10 PM
DUBAI, Nov 8, (UrduPoint / Pakistan Point News - 08th Nov, 2016 ) - Hyperloop One signed an agreement with Dubai on Tuesday to "evaluate" the building of the world's first near-supersonic hyperloop transport system in the Gulf emirate.
"We are here today to sign a historic agreement with our partners from (the Dubai) Road and Transport Authority... and we begin to evaluate the delivery of the world's first hyperloop system across the country," the company's CEO, Rob Lloyd, said.
"We will initially focus on the value that Hyperloop One will deliver in Dubai and across the (United Arab) Emirates," he told reporters. Lloyd did not provide further details or figures.
Hyperloop is a futuristic passenger and freight transportation system that its promoters say offers the promise of near supersonic speeds.
Earlier this year, Hyperloop One held a first public test in the desert outside Las Vegas, trying out engine components designed to rocket pods through reduced-pressure tubes at speeds of 1,125 kilometres (700 miles) per hour or more.
Last month, ports colossus DP World Group of Dubai announced it was investing in the concept, joining backers who already include the French national rail company SNCF, US industrial conglomerate General Electric and Russian state fund RDIF.
Recent Stories
Bugti assures transporters for addressing their problems
Deputy Prime Minister and Foreign Minister, Mohammad Ishaq Dar meets foreign min ..
3 drug peddlers arrested, hashish recovered
1496,990 children given polio drops in five days: DC
Six terrorists killed, hideout busted in N Waziristan IBO: ISPR
Pakistan, Qatar agree to further expand trade, investment ties
Sindh cabinet approves Rs177.5m to strengthen, mobilize various wings of police
Faisal Karim Kundi takes oath as new KP Governor
Azad Jammu and Kashmir Prime Minister Anwaar ul Haq Chaudhry seeks more vibrant ..
Tahaffuz Manzil Foster Home providing care & support to homeless children
PCB proposes April 7 -May 20 window; tweaks in rules for HBL PSL 2025
Field hospitals now operational across Punjab: Azma Bukhari
More Stories From Business
-
CRD survey unveils 18% Pakistanis quit smoking
11 hours ago -
NTUF granted patent for Innovative Multilayered Natural Fiber Composite Helmet
12 hours ago -
New industrial policy to be announced soon: Rana Tanveer
12 hours ago -
Commissioner orders implementation price control mechanism in toto
12 hours ago -
Jam Kamal holds meeting to tackle border area challenges
16 hours ago -
Speakers in TIIF for improving, corporate governance system in Uzbekistan
15 hours ago
-
Pak-Uzbek business community welcomes KSA’s $20 billion investment in Uzbekistan
16 hours ago -
BF leader calls retaining policy rate highest level ‘unfair
15 hours ago -
Equipping with essential skills vital for economic growth: Ahsan Iqbal
17 hours ago -
Gold rates dip by Rs.1,600 per tola to Rs. 238,000
18 hours ago -
Jam Kamal holds meeting to tackle border area challenges
18 hours ago -
China's fixed-asset transport investment hits 712.5 bln yuan in Q1
19 hours ago