Construction of Hyperloop in Russia estimated at $1.5 bln

Construction of Hyperloop in Russia estimated at $1.5 bln
Tags: Photo source:

The Transport Ministry supported construction of a high-speed Hyperloop train in Russia. Innovation project has been presented at the Eastern Economic Forum.

The first line might appear in the Primorye territory of Russia, between Zarubino port and the Chinese border town of Hunchun.

At first, the project will be tested on a 3-kilometer section. Construction of the whole line, which is planned to have a length of 70km, will take about 4 years. Investments in the project are estimated at $1,5 bln.

Hyperloop is a famous technology developed by a billionaire Elon Musk. He is also a co-founder of Tesla Motors Inc., an American automotive and energy storage company that designs, manufactures, and sells electric vehicles. Besides of that, Elon Musk is CEO of SpaceX, the U.S. American aerospace manufacturer.