Virgin Hyperloop One will open a new Advanced Technology Development Testing Centre in the Andalusian region of Spain after signing an agreement with the Administrator of the Railway Infrastructure.
The 19,000 square meter centre, set to open by 2020, will be Vigin Hyperloop One’s first European development facility, designed to help supply chain infrastructure in Spain and around Europe.
It will develop, test, and certify components and subsystems to continually improve safety and reliability of hyperloop systems and in return the company will receive $146 million in public aid through loans and grants to help the centre stimulate regional economic growth.
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Speaking about the agreement, Rob Lloyd, Virgin Hyperloop One’s CEO 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 Center.”
ADIF, the state-owned infrastructure company that facilitated the agreement, stated: “The location of the Center in our country will lead to important high-value commercial opportunities.
“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.”