Spain is the latest country to sign up for a hyperloop development facility.
Penning a £390M deal with Virgin Hyperloop One, Spain is set to open a development facility to ramp up the development of the technology.
The agreement with the Spanish government’s Administrator of Railway Infrastructure (Adif) involves the construction of Virgin Hyperloop One’s first European technology development and testing centre.
Set to be built in Malaga, Andalucia, the 19,000m² centre is planned to be opened by 2020.
Virgin Hyperloop One chief executive Rob Lloyd said: “With its robust transportation, aerospace, and high-tech sectors in turn paired with outstanding regional talent, Spain is an ideal fit for Virgin Hyperloop One’s Advanced Technology Development and Testing Centre.
“By investing in the development and testing of Virgin Hyperloop One, Spain is extending its long-tradition as an innovative, global transport leader. We are excited to partner with such a forward-thinking country in developing the next generation of transportation.”
Virgin Hyperloop One plans to hire 200 to 300 workers at the centre to develop, test, and certify components and subsystems to improve safety and reliability of hyperloop systems.
An Adif spokesperson added: “The location of the centre in our country will lead to important high value commercial opportunities and will boost economic growth in the region.
“The agreement with Virgin Hyperloop One will help us to deepen the willingness to face new technological challenges, contributing to reinforce our leadership in the development of transport infrastructures in the international arena.”
Virgin Hyperloop One’s main competitor Hyerloop Transportation Technologies started construction of Europe’s first-ever hyperloop track began in France earlier this year. The 1km long system is due to be finished in 2019.
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