Canadian start-up TransPod has signed a memorandum of understanding with the government of Alberta for a 300km Hyperloop line linking the cities of Calgary and Edmonton.
If completed, the Hyperloop will travel in a ground-level protected guideway, with services departing every few minutes and travelling at speeds of up to 1,000km/h.
Following the signing, TransPod will conduct a feasibility study and start preliminary work on a test track.
The agreement will allow private investment to begin on the billion-dollar project, which may create an estimated 38,000 jobs over a decade-long development cycle.
If all goes to plan, construction will start on the project in 2025.
Ric McIver, Alberta’s minister of transportation, said: "By supporting TransPod’s feasibility study, Alberta Transportation will provide important information contributing to the research, development, testing, and construction of a full inter-city TransPod line between Edmonton and Calgary."
Images courtesy of Transpod