Daily Management Review

Hyperloop comes to India


02/11/2019


DP World, one of the world's largest port operators, is launching its first project for the high-speed Hyperloop system in India, according to CNBC.



Okras
Okras
Last year, DP World, the state port operator of the UAE, signed a partnership agreement with Virgin Hyperloop One to develop a freight transportation system.

"The first project will be in India, we have signed an agreement and are looking at how to test the project," said Sultan Ahmed bin Sulayem, Chairman of the Board of Directors of DP World, in an interview with CNBC in Dubai.

“We believe that there is a need for this in India,” he said. “One of the big problems in India is transportation, congestion."

Hyperloop technology, he said, has the potential to provide a solution to this problem, since the system works underground.

Virgin Hyperloop One is one of several companies developing technology that was first proposed by Tesla’s founder Elon Musk in 2013.

Hyperloop promises to be faster than air travel, but less costly. The concept provides for the movement of transport capsules through a tunnel under the ground at a speed of up to 1200 km/h.

DP World is one of the four largest port operators in the world in terms of cargo turnover.

source: cnbc.com






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