Ferrovial signs Hyperloop framework deal

Spanish construction group Ferrovial has signed a framework contract with American transport company Hyperloop Transportation Technologies (HyperloopTT) to carry out route analysis, operation, maintenance, engineering and construction work.

Hyperloop systems use magnetic levitation to send pods through a vacuum tube, which in HyperloopTT’s design is raised on pylons, with some ground-level and underground segments.

HyperloopTT has already conducted a successful feasibility study for a Great Lakes route connecting Chicago, Cleveland and Pittsburgh, and is currently running full-scale safety and insurance tests in France. A  3km track is planned for Abu Dhabi.

Andres De Leon, HyperloopTT’s chief executive, said: "This collaboration brings together the cutting-edge technological expertise of HyperloopTT and Ferrovial’s 70-year track record as a global leader in infrastructure development and operation."

Andrés Camacho, Ferrovial’s mobility director, said: "New technologies from Hyperloop to 5G communications require us to rethink our world. A client or a supplier who used to be hundreds of miles away will soon be within reach in a matter of minutes.

"Ferrovial’s successes bringing people together via roads, railways, and airplanes have established us as a dedicated, innovative leader delivering, operating, and managing world-class infrastructure assets."

Image courtesy of HyperloopTT

Further Reading:

Story for GCR? Get in touch via email: [email protected]

Latest articles in News