Hyperloop Transportation said the timing of construction of the first installation

© Photo courtesy of the press service of the Hyperloop Transportation TechnologiesКомпания Hyperloop Transportation Technologies. Archive photoHyperloop Transportation said the timing of construction of the first installation© Photo courtesy of the press service of Hyperloop Transportation Technologies

Hyperloop Transportation Technologies (HTT) plans within the next six months to announce the construction of the first commercial plants, told RIA Novosti CEO Dirk Ahlborn.

«We are ready to build the first version. We hope to announce the first commercial project in the next six months. After this, you will need approximately 3 years to build,» said Albarn on the sidelines of the world economic forum in Davos.

He said that HTT and its partners have been testing the setup now builds R&D center in Toulouse.

«Now we are negotiating with the governments of several countries are working very closely with the UAE, India, South Korea, the Czech Republic and Slovakia. We discussed the initiative of «One belt, one road» with China. To send goods from Asia to Europe, of course Russia is great,» he said.

«Our consultant to raise funds is JP Morgan, American, European and Chinese funds,» he added, Alborn.

The idea of the Hyperloop («hyperpathia») introduced in 2012 an engineer, entrepreneur and investor Elon Musk, the ideologist and founder of such companies as SpaceX and Tesla Motors. His idea is that in the pipes above the surface of the earth in extremely rarefied air with a small interval and a speed of up to 1220 kilometers per hour will move the capsule with passengers or cargo. The capsule does not concern the pipe wall because of the effect of air cushion. The greatest activity in the implementation of this idea currently have One and the company Hyperloop Hyperloop Transportation Technologies.