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St. Petersburg International Economic Forum 2016

Summa Group signs agreement to develop Hyperloop project in Moscow

According to Russian businessman Ziyavudin Magomedov the tube will go across the railroads, above motor roads

© hyperloop-one.com

ST.PETERSBURG, June 17. /TASS/. The Summa Group and the Moscow authorities have signed an agreement on development of Hyperloop project in the Russian capital, Russian businessman Ziyavudin Magomedov, who owns the Summa Group said.

The agreement was signed at the St. Petersburg International Economic Forum

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"Today we have signed an agreement with Moscow that we consider several routes as priority ones for the implementation of the technology, which I think will be tested in December," Magomedov said.

The Hyperloop train technology, an invention of billionaire Elon Musk, makes it possible to produce trains with the highest speed for a contemporary mode of ground transport.

Musk’s idea consists in the fact that capsules with passengers and cargoes will move in tubes installed above the surface, in which technical vacuum will be maintained at a speed of 1,220 kilometers per hour with intervals of no more than 30 seconds. Next time the Hyperloop train will be tested in Nevada (the United States) in December 2016.

"This tube will go across the railroads, above motor roads. That means that it’s a quite big technological flexibility which will make it possible to cut routes, distances and make them cheaper," Magomedov said.

On Thursday, Transport Minister Maksim Sokolov said that his Ministry would invite China to invest in the Hyperloop project in Russia.

The Russian Railways is studying a possibility of using high-speed Hyperloop trains for freight carriages. Its experts have formed a joint working group to study the technology. The Caspian VC Partners venture fund set up by Russian businessman Ziyavutdin Magomedov is the project’s investor in Russia.

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