Ri­vals pre­pare to un­veil own loop

7 Days in Dubai - - NEWS -

You will one day be able to live in Al Ain and travel to work in Abu Dhabi in a mat­ter of min­utes, writes Patrick Ryan. That’s ac­cord­ing to Bi­bop Gresta, Chair­man and Co-Founder of Hyper­loop Trans­porta­tion Tech­nolo­gies (HTT), who said his firm will be mak­ing a ma­jor an­nounce­ment in the com­ing week about a GCC pro­ject. Speak­ing at the MENA Rail and In­te­grated Trans­port Sum­mit yes­ter­day, Gresta said that once com­plete, HTT’s pro­ject will rev­o­lu­tionise pub­lic trans­port across the re­gion. HTT uses sim­i­lar tech­nol­ogy to Hyper­loop One but is a sep­a­rate and ri­val com­pany. It is cur­rently in talks to link Bratislava, Vi­enna and Bu­dapest with a hyper­loop line for one pro­ject and Los An­ge­les and San Fran­cisco in an­other. Gresta said: “We want it to be the op­po­site of an elite ser­vice. For the Los An­ge­les to San Fran­cisco pro­ject we are plan­ning to charge about $5 a cus­tomer. “By do­ing this it means we can bring the pro­ject into prof­itabil­ity. “Hu­man­ity needs this ser­vice as fast as we can pro­vide it. That’s why I took this job. You could live in Al Ain and be at work in Abu Dhabi in min­utes. “It al­lows you to open it up to ev­ery­one and con­trol the cen­tral traf­fic. “We are look­ing at Ama­zon Prime-style sub­scrip­tions so you can get un­lim­ited use as well.” Gresta said the cost of a hyper­loop pro­ject is po­ten­tially the cheap­est form of pub­lic trans­porta­tion. To build a metro line costs $80 mil­lion to $120 mil­lion per kilo­me­tre, a train line $50 mil­lion to $150 mil­lion per kilo­me­tre and a hyper­loop will only cost $40 mil­lion per kilo­me­tre, Gresta said. MENA Rail con­tin­ues at the Ad­dress Dubai Ma­rina to­day. patrick@7days.ae

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