An independent report has found that that Virgin’s proposed Hyperloop transport system in the United States will be commercially viable.
The review concluded that ticket prices on the futuristic transport system will be less than petrol for the same distance.
The independent report authored by consultant Black & Veatch analysed a section of Hyperloop proposed to run along the Interstate 70 corridor which is the main highway for the state of Missouri.
This section of Hyperloop would connect Kansas City and St. Louis in as little 28 minutes, a journey that currently takes three and half hours.
The report confirms that the Hyperloop system would be commercially viable, with tickets costing less than the equivalent journeys in petrol and taking a sixth of the time in some cases.
Missouri hyperloop map
“A feasibility study of this depth represents the first phase of actualization of a full-scale commercial hyperloop system, both for passengers and cargo in the United States,” said Hyperloop-one chief executive Rob Lloyd.
“We are especially proud that Missouri, with its iconic status in the history of U.S. transportation as the birthplace of the highway system, could be the keystone of a nationwide network. The resulting socio-economic benefits will have enormous regional and national impact.”
The report suggests that use of the Hyperloop system instead of conventional road and rail transport would save the public hundreds of millions of dollars, including $410M (£314M) per year in travel time savings and £70M a year in road accident related costs along the I-70.
Black & Veatch chairman Steve Edwards said the project was “solid”. He added: “We found this project is a case of solid engineering meeting up with Virgin Hyperloop One’s innovative vision to create a network transforming the very concept of community.”
Like what you’ve read? To receive New Civil Engineer’s daily and weekly newsletters click here.