Video: Hyperloop TT's chairman speaks at The Big 5 2017
Bibop Gresta was one of the speakers at the Excellence in Construction Summit, which was held on the opening day of The Big 5 2017
Bibop Gresta was one of the speakers at the Excellence in Construction Summit, which was held on the opening day of The Big 5 2017.
The chairman and co-founder of Hyperloop Transportation Technologies (HTT) used the event as a platform to talk about the benefits of Hyperloop technology compared to other transportation systems. According to Gresta, Hyperloop will not only shorten travel time considerably, but also introduce the concept of profitability to a heavily subsidised transport sector.
Gresta added that HTT has made several strides in its development of the world's first Hyperloop technology, citing partnerships that it has formed with several governments, including that of Abu Dhabi.
In December 2016, it was reported that Abu Dhabi’s Department of Municipal Affairs and Transport (DMAT) had entered into an agreement with HTT. Under the terms of the agreement, the two entities would work together to conduct a feasibility study. Gresta announced at the summit that the results of the study are due to be published "soon".
Watch the video to learn more about HTT's partnerships with the governments of France, the UAE, and a few other countries.