Hyperloop Transportation Technologies (HTT), has announced that construction for a passenger-ready Hyperloop will begin next year.
Hyperloop Transportation Technologies, also known as HTT, is a research company formed using a crowd collaboration approach (a mix of team collaboration and crowdsourcing) to develop a transportation system based on the Hyperloop concept, which was envisioned by Elon Musk in 2013
A five-mile stretch of the Hyperloop system will be built in a new “sustainable 21st Century town” midway between Los Angeles and San Francisco called Quay Valley, which is also set to be built in 2016.
Wired has reported that HTT is looking at an open auction IPO offering to raise the money. HTT is looking to raise $100 million to build the test track (the full version is projected to cost between $7 and $16 billion).
Hyperloop as envisioned by Elon Musk was to develop a high speed, intercity transporter using a low pressure tube train which would reach a top speed of 800 miles per hour (1,300 km/h) with a yearly capacity of 15 million passengers
China’s Global High Speed rail is about one third of the speed of a complete Hyperloop
The five mile hyperloop section will not reach full speed. The 7-16 billion hyperloop system is needed to get up to the full planned speed.
If the first $100 million Hyperloop IPO works then China will be spending about one thousand times as much each year on their high speed rail.
Thirty-eight countries and regions worldwide plan to build high-speed rail lines and work mostly with China on the construction of those high speed rail lines. A global (across Asia, Europe, middle east and Africa) high speed rail network with total length of 93,000 kilometers (58000 miles), or 8.5 times the total length of high-speed railways operating in China is planned. It was forecast that by the year 2030, 60% of the planned rail lines (40,000 miles) would be completed.
China plans to build 34,600 km of high-speed railways in the country. The Chinese government has also negotiated agreements to build 34,700 km of high-speed railways for other countries, including 26,300 km allocated for the “Silk Road Economic Belt” and “21st Century Maritime Silk Road” initiatives.
The potential market for Chinese high-speed railway construction companies is approximately 69,400 km [43000 miles) in overall high speed track length, or 15 trillion yuan (US$2.4 trillion) in total investment, of which, train sales account for 1-1.5 trillion yuan (US$160-$240 billion).
China is offering to fill the worlds infrastructure gap. This will enable all of the developing world to follow the China economic development plan. In a few decades, they will have no shortfall in transportation, industry, modern buildings, energy plants, energy grid and other infrastructure needs. China will also help them finance it. China will also have progressively richer trading partners who have ports, roads and rail and warehouses to build or buy what China needs or wants to sell.
China will build a global prosperity network.
People look at China’s massive domestic construction of the last few decades and are amazed at the scale. China will further expand domestic construction to get to 90-95% urbanization and will have 3-5 times the construction externally for the entire world. This global construction will be in full bloom around 2040-2060. China will be completing dozens of nuclear reactors every year. The high speed rail network will stretch across Europe, Asia and Africa. There will also be a separate South America network.
The $4 trillion is just the seed financing to get the first phases rolling for the global transformation. This is following the money for futurist prediction. $4 trillion is a lot of money to follow.
There are trillions of dollars needed to build a shortfall of global infrastructure. China is going to try to finance and build as much as possible. It will solve the problem for decades of how will China still have high levels of investment driven GDP growth. Notice- Electricity is half of the need. China will fill this with nuclear exports in the 2020s and beyond
Factories, properties, rail, ports and high speed rail will be first
Boosted by President Xi Jinping’s Silk Road belt and road initiatives, China is currently in negotiations with 28 nations, most of which are along the trade route. Should discussions bear fruit, a network of over 5,000 km is on the cards.
The Silk Road economic belt and the 21st century maritime Silk Road are a land-based belt from China via Central Asia and Russia to Europe; and a maritime route through the Strait of Malacca to India, the Middle East and East Africa
SOURCES – Hyperloop Technologies on Facebook, The Verge, Wikipedia, WantChinaTimes, Reuters
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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