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Hyperloop Transportation Technologies announced Thursday its intention to team up with a city in southwestern China to build a new 10-kilometer highway for California's high-speed hyperloop transport system
HyperloopTT. proposes to take the idea of Elon Musk for a new type of transport system propelling capsules through vacuum tunnels and to try to make it a reality.
He concluded similar agreements with several other countries, with the construction of his first capsules – designed to magnetically levitate in low-friction tubes – underway in his innovation center in France.
The remote city of Tongren in impoverished China The province of Guizhou will host the project, according to the plans.
"China leads the world in the amount of high-speed railroad built from afar, and now they are looking for a more efficient high-speed solution in hyperloop", chairman HyperloopTT Bibop Gresta said in a press release [19659002] "We have spent the last few years finding the right partners to work with in China and now, with a strong network of core relationships in place, we are ready to start the system," he added.
Financing the project could be difficult to achieve while Beijing's attack on local government spending and a mountain of growing debts
HyperloopTT said the funding would come from a public-private partnership private, Tongren directly contributing up to 50% "HyperloopTT will be responsible for providing technology, engineering expertise and essential equipment", added the company, without providing more details.
Local Chinese media, citing the agreement, said Tongren and HyperloopTT would invest in the new local joint venture building the one-to-one road
The Chinese aerospace company and Aerospace Science (CASIC), a leading aerospace company, is also looking to become the pioneer of the next generation of high performance. Gear train technology in China, and last year announced a similar hyperloop project in Wuhan City.
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