The revolutionary "Hyperloop" technology has moved to the stage of establishing a new mode of transportation and turning it into a tangible reality with the announcement of the US Department of Transportation that "Hyperloop" projects will be eligible for government grants and loans.
This came after the US Department of Transportation and the American Council on Unconventional and Emerging Transport Technology - NETT - issued a "Guidance Document" on the regulatory framework for "Hyperloop" technology in the United States.
"The guidance document contributes to bridging the gap between innovators and regulators, and prioritizes safety during development without hindering the drive for innovation, and promotes mutual awareness between the transportation sector and the government," said US Transportation Secretary Ellen Chao.
DP World is the largest investor in Jergen Hyperloop - the leader in the development of Hyperloop technology and the only organization that has successfully tested this revolutionary technology on a large scale, as the system transports goods and passengers at high speed through pipes under semi-empty conditions of air using Electromagnetic propulsion and electromagnetic flight. When the project is completed, Hyperloop will be the first and newest mode of mass transit in more than 100 years.
The "Guidance Document" was issued months before the expected issuance, and is the first of its kind in the world. "Jergen Hyperloop" has cooperated in the United States with the American Council for Unconventional and Emerging Transport Technology during the past year and a half to develop this technology and ensure it can be used safely. And fast.
"We have determined that Hyperloop projects are eligible for grants such as" maglev "or" magnetic overflight "systems, including the railways infrastructure improvement program and the administration's" CRISI "safety standards," said Finch Fulton, US Deputy Assistant Secretary of Transportation Policy. Federal Railways, Minister's Office grant "BUILD" and "INFRA" and similar programs.
It also means that Hyperloop Projects will be eligible for a number of loan programs offered by the Ministry. "
Commenting on the announcement, Sultan bin Sulayem, Chairman and CEO of Dubai Ports World Group and Chairman of JERG Hyperloop said: “Hyperloop technology is rapidly advancing towards building the first operational system to connect cities, and we welcome the United States announcement that appears Increased confidence in Hyperloop technology and its ability to revolutionize mass transit. "
He added .. "Our goal in Dubai Ports World and Hyperloop is to achieve leadership in developing this technology, and also to make the UAE a global center for the development of this technology."
JERN Hyperloop cooperates with a number of governments in the region, including the United Arab Emirates, Saudi Arabia and India, and recently conducted the first study in the world at the national level in partnership with the Saudi Ministry of Transport, including a line between Dammam and Jubail in the region. Eastern from the Kingdom.
In the UAE, "Jergen Hyperloop" signed this month a memorandum of understanding with the Mohammed Bin Zayed University for Artificial Intelligence, the first university for postgraduate studies specialized in artificial intelligence research in the world, for cooperation in the field of research and innovation.