Tongren, HTT to Create China’s First Hyperloop System

Hyperloop Transportation Technologies (HTT) has signed a deal with China’s state owned Tongren Transportation Tourism Investment Group to set up a joint venture that will construct the country’s first hyperloop system.

Located in the southern Guizhou province, home to more than 35 million people, the agreement has outlined that the track will initially stretch a total 10 kilometres with room for future extensions.

“The signing for Hyperloop project is a major step to open up the inland development, an important achievement of the Tongren Great Investment Action Year, and an important project to enlarge and strengthen the local economy,” said Chen Shaorong, Mayor of Tongren.

HTT will be responsible for providing essential equipment and technological and engineering expertise on the project, whilst Tongren will be require for providing certification, regulatory and construction services for the system.

“We have spent the past few years finding the right partners to work with in China and now with a strong base network of relationships in place, we are ready to begin work to create the system along with the proper legal framework for the nation,” said Bibop Gresta, Chairman of HTT.

The agreement will enhance China's position as a global leader in advanced technology infrastructure and solutions.

Further, in the past five years, Guizhou has received transportation investment of more than $100 billion, leading to the creation of 3,542 miles of new roads and 69 new highway projects.

The deal marks HTT's third commercial agreement following announcements in both Ukraine and Abu Dhabi earlier this year.