Alberta offers non-financial support for high-speed hyperloop project
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CALGARY, AB – The Alberta government says it will support a proposal to build a hyperloop transport system capable of whisking passengers in an elevated tube between Edmonton and Calgary at 1,000 kilometres per hour.
But the memorandum of understanding signed with project proponent TransPod doesn’t involve any financial commitment or endorsements by the province, and the system is still years away from being tested and built.
The Toronto-based company, which first announced it would seek Alberta provincial backing in 2017, says the agreement will allow it to attract private investment for what would be a multibillion-dollar infrastructure project.
It aims to conduct a feasibility study over the next two years, move into a research and development phase until 2024, then build a test track and conduct tests until 2027 before completing the full 300-kilometre line between Edmonton and Calgary.
