DP World CEO Sultan Ahmed bin Sulayem has confirmed that the terminal operator’s first hyperloop project will take place in India, adding that the technology is vital to easing the country’s much-congested cargo trade.
The company signed an agreement with Virgin Hyperloop One in February 2018 to collaborate on a joint hyperloop project between the Indian cities of Pune and Mumbai, a story that PTI reported on.
Furthermore, an announcement in November 2018 saw bin Sulayem take over from Sir Richard Branson as the Virgin Hyperloop One’s new Chairman and lead the project to commercialize hyperloop technology.
Credit: Virgin Hyperloop One
Speaking in an interview with US broadcaster CNBC at the World Government Summit in Dubai on February 10, 2018, bin Sulayem said DP World is “eager now today to go on the next step,” and that “we are investing in something we believe is going to add value.”
Whilst there is no specific timeframe for the completion of the hyperloop project, bin Sulayem confirmed that work is underway.
“The first project will be in India, we signed an agreement and we are looking at how to test the project.
“We have a team in India that is working very hard, we're working with our office here and in Los Angeles, but we are not wasting our time.
“The technology we brought into the company has improved 10 times. Whenever I meet with them I see something new.”