Search DubaiPRNetwork.com

Home >> Real Estate & Retail

Hyperloop Transportation Technologies Signs Agreement for Commercial System in Ukraine

Hyperloop Transportation Technologies Signs Agreement for Commercial System in Ukraine

Tuesday, June 19, 2018/ Editor -  

Share

Home >> Real Estate & Retail

HyperloopTT will work with the Ministry of Infrastructure of Ukraine on planning Europe’s first commercial system while creating the legal and regulatory framework for the nation

Dubai, UAE, June 19, 2018:  Hyperloop Transportation Technologies announced the signing of an agreement with the Infrastructure Ministry of Ukraine to begin the process for a planned commercial Hyperloop system. The agreement was signed in the Ukraine capital of Kiev in line with the nation’s National Transport Strategy of Ukraine 2030 initiative.

In February of 2018, Ukraine’s Transportation Minister, Volodymyr Omelyan, announced the nation would begin setting the stage for Hyperloop technology alongside Ukraine's National Academy of Sciences, state defense conglomerate Ukroboronprom, aerospace manufacturer Yuzhmash and several other industrial and scientific institutions.

HyperloopTT will work directly with Ukraine’s  Ministry of Transportation to begin planning the construction of the first commercial Hyperloop system which will be built out in phases. The first phase will consist of a 10 km track that will be used to create the required legal framework to certify the system before being extended out into a broader Hyperloop network. The project is planned to be financed as a public private partnership after the completion of the initial study.

“We have set a course to bring Ukraine’s infrastructure into the 21st century,” said Minister of Infrastructure of Ukraine Volodymyr Omelyan. “Hyperloop is a key component to our goals of creating a smart, and sustainable transportation infrastructure. We warmly welcome HyperloopTT to join us in this endeavor and are glad to have an agreement signed.”

“This year we started the commercialization of our technology with a focus on creating regulations which are the biggest hurdle remaining to bring this new mode of transportation to the world,” said HyperloopTT CEO Dirk Ahlborn. “These first commercial systems will allow us to create the necessary legal framework which can serve as a basis for other countries around the world.”

“We announced our first commercial agreement in Abu Dhabi in April and we are pleased to include Ukraine to our growing list of sovereign partners,” said HyperloopTT Chairman Bibop Gresta. “Ukraine is at the crossroads of the new Silk Road transportation corridor and we can expect Hyperloop to play a major role in connecting Europe and Asia.” 


Previous in Real Estate & Retail

Next in Real Estate & Retail


Home >> Real Estate & Retail Section

Latest Press Release

IYNC and the UAE Discuss the Way Forward for Global Nuclear Energy at IAEA Gener ...

High-octane inaugural Socca Football World Cup kicks off on September 23 in Lisb ...

Eberhard & Co. Scafograf 100 For Elegant Lady

The Mummies of Dubai Give Their Kids a Preppy Style Makeover

75 percent more speed and 58 percent more efficiency in Huawei's upcoming Mate 2 ...

du Wins Smart Cities Award at the Telecoms World Middle East 2018

Turkish Airlines reached the highest monthly Load Factor in August with 85.6% LF ...

O Boticário Opens in Dubai its First Amphora Store outside Brazil Come Join ...

Dubai Parks and Resorts Celebrates Saudi National Day

Gulf Centre for Aviation Studies hosts development course for students

FOREO To Attend TFWA: the World's Largest Travel Retail Show

Etihad Airways Deepens Ties Between Uae and Saudi Arabia to Mark National Day

Ericsson showcased SMME innovation at ITU Telecom World 2018

DigiCert, Gemalto and ISARA Partner to Ensure a Secure Future for the Internet o ...

Ministry of Human Resources and Emiratisation, Huawei and Honor launch ICT Compe ...

School children wish their favourite Unimoni Asia Cup 2018 teams good luck

Huawei MEC Solution Wins "The Best Edge Computing Technology for 5G Evoluti ...

Emirati graduate from CUD invents device to help asthma patients breathe clean a ...

IELTS, the world's most trusted high-stakes English test, launches on computer i ...

The New Generation MG6 Arrives in the Middle East