An agreement with the Spanish government to create the first European installation for the futuristic transport system, Hyperloop, was signed by Virgin Hyperloop One.
The development and testing center will be in Andalusia and its value is estimated to be US $ 500 million. In return for this investment, Virgin Hyperloop will receive state funding of € 126 million for the establishment of the new center, which aims to develop and test the technology of the company.
The agreement was signed by Isabella Pardo de Vera Posada, president of ADIF (Administrador de Infraestructuras Ferroviarias) and Rob Lloyd, Managing Director of Virgin Hyperloop One. The Virgin Hyperloop One Advanced Technology Development and Testing Center will be built in the village of Bobadilla in Andalucia, in the Antequera, Malaga.
The company estimates that 200-300 employees will be recruited with high technology expertise and the center will stimulate employment in the region, creating jobs. It is noted that Andalusia is in any case a “cradle” of aerospace and transport technology in Spain.
The 19,000 square meter center is set to open by 2020, and will develop, test and certify components and subsystems to continuously improve the safety and reliability of Hyperloop systems.
The idea for Hyperloop has been in place for decades, but it has begun to evolve on the initiative of Elon Mask in 2012 – with the billionaire proposing pods traveling in tunnels at speeds above 1,000 km / h. However, critics have expressed concerns about the costs and whether the objectives can be achieved from a technical point of view.
The whole idea is to transport passengers into “pods” at very high speeds in airtight, sealed tunnels to reduce friction and air resistance. Munich engineering students won a competition on the development of the futuristic Hyperloop transport system.
The whole idea is to transport passengers into “pods” at very high speeds in airtight, sealed tunnels to reduce friction and air resistance. At the end of July, engineering students from Munich won a competition on the development of the system, with the team’s pod to record a record of 457 km / h.