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Hyperloop has taken yet another step towards reality with the US Department of Transportation announcing that projects will be eligible for Federal grants and loans. It comes after the US Department
Popularly known as Hyperloop Dubai or the Virgin Hyperloop One, this multi-billion dollar project will reduce travel time for Dubai-Abu Dhabi commuters from an hour or so to 12 minutes.
DP World has lauded a decision by the US House of Representatives to pass legislation requesting a regulatory framework for the safe deployment of hyperloop systems.The Non-Traditional and Emerging Transportation Technology (NETT) Council in the US is expected to issue guidance within the next six months to help set out a clear regulatory framework for the industry.