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22 December 2020

Dutch ministries put millions towards hyperloop development program

Dutch ministries put millions towards hyperloop development program

Two Dutch ministries and several companies and research organizations today revealed the establishment and funding of a public-private partnership to develop hyperloop.

 

The public-private consortium will explore the potential of hyperloop as a high-speed, zero-emissions transport solution that could play a significant role in the climate transition, while simultaneously deliver economic growth.

 

The 3-year program aims to demonstrate that hyperloop is a safe, sustainable and commercially viable solution to transport challenges in Europe and around the world. Hyperloop’s potential as an industrial development project that creates new companies, jobs and economic growth will also be assessed during this initial phase. As will its implications for the digitization and connectivity of industry.

 

“A global infrastructure project such as hyperloop can only be achieved when public and private parties cooperate in complementary ways,” said Jeroen in ‘t Veld, Chairman of the Hyperloop Development Program

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