Traveling over 1,000 km/h on earth may soon no longer be a dream.

The Canadian start-up Transpod recently unveiled its hyperloop project, a frictionless train guided by magnetic rails.

The principle is simple.

To achieve such speed, the train will be suspended using powerful magnets, Korii explained on August 4.

The train will be kept in a vacuum guideway, which avoids any friction and heating.

Thus protected, the FluxJet, halfway between a jet and a high-speed train, will be able to exceed the speed of 1,000 km/h.

It would therefore be faster than a jet plane and three times faster than a TGV.

The train will consist of 25 m long wagons, capable of carrying 54 passengers at very high speed or 10 tonnes per car.

The project plans to connect major Canadian cities.

18 billion dollars for a single line

To prove that its project is well advanced, Transpod recently presented a model of its FluxJet in Toronto (Canada) and claims to have raised 550 million US dollars (539 million euros).

The only line between Calgary and Edmonton (Canada) should cost 18 billion dollars (17.6 billion euros).

The goal is to provide fast, affordable and safe travel.

FluxJet would reduce Canadian CO2 emissions by 636,000 tons per year with tickets 44% cheaper than for the plane.

No launch date has yet been announced.

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