Built to inform

Sign up for the daily newsletters

No, Thank you

The world's first hyperloop system could cost $40m per kilometre

Hyperloop TT chairman Bibop Gresta says Abu Dhabi project, due to open in 2020, has passed the feasibility stage

The world's first commerical hyperloop system is set to cost between $20m-$40m per km and will be located in the UAE capital of Abu Dhabi.
© Hyperloop TT
The world's first commerical hyperloop system is set to cost between $20m-$40m per km and will be located in the UAE capital of Abu Dhabi.

Abu Dhabi’s planned hyperloop system, set to open in the UAE capital in 2020, will cost “between $20-$40m per kilometre,” Hyperloop Transportation Technologies’ (Hyperloop TT) chairman revealed. The amount translates to roughly AED73-147m.

Speaking in an interview with the UAE's state news agency, Wam, Bibop Gresta said Abu Dhabi's hyperloop capsule has left the assembly facility in Spain to Toulouse, France, where it will be tested and optimised.

He added that this first-of-its kind project in the world "can recoup the investment in 8-15 years".

READ: Virgin Hyperloop One shakes up management team

The project first phase involves building 10km of the 150km between Abu Dhabi and is set to be ready next year, the UAE state-news agency reported.

“Basically, the Abu Dhabi hyperloop system is right now past the feasibility study. We have already completed the study after we partnered with Aldar Properties last year,” said Gresta. "It will be the first commercial hyperloop line in the world."

Quintero One, Hyperloop TT's planned passenger capsule.

April 2018 saw Hyperloop TT sign an agreement with Abu Dhabi's Aldar Properties, which will allow for the creation of a new Hyperloop TT centre.

Gresta added: “An average cost generically comes between $20-$40m per kilometre. When you build it in the desert, it is different from building it in Switzerland. However, the second question we need to ask is how long it takes to recoup the investment.

READ: Branson says hyperloop likely 'quite soon' in Saudi Arabia

“This is a topical question because no one transportation system on the ground recoups its investments. They always need subsidy.

“But hyperloop [...] will be paying for itself and then it will be generating profits for the country. So, it is not only fast but also very efficient."

Most popular

Awards

Nominations now open for Construction Week Awards 2019
Nominations are now open for companies, developers and projects in the Middle East to enter

Conferences

Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 744
Jun 15, 2019