WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

Rotate device for more commodity prices

Russia Considers Building A Hyperloop To China

Hyperloop

Russia’s Transport Ministry is considering the Elon Musk-proposed Hyperloop concept to connect China with the Russian Far East and may propose the idea to Beijing.

"The Russia-China intergovernmental council will convene in a month. I will suggest that my counterpart consider this project, in particular in terms of investments," Russian Transport Minister Maxim Sokolov told journalists, as reported by Russian TASS news agency.

According to TASS, the high-speed Hyperloop would potentially be between China and the port of Zarubino.

"Today we discussed this project with the company’s leadership under the aegis of Elon Musk. We agreed that we would offer a project for developing the Primorye-2 corridor, a 70-kilomerter-long section between China and the Primorye territory with an exit to Zarubino port, to the company as a pilot project. Colleagues claim that the infrastructure will be cheaper than the railway: the cost of construction of a 70-kilometer-long railway may vary from 30 to 40 billion rubles [455.4-607.2 million U.S. dollars]," Sokolov said.

Sokolov noted that there is already a fund to support Silk Road projects, and that the hyperloop “may count on a 100 percent co-financing from this fund".

The Russian Ministry estimates the cost for this Hyperloop to be around $455-$607 million—just for the pilot section.

Invented by Elon Musk, the Hyperloop high-speed trains rely on technology that would represent the maximum speed for land transport in existence. Related: Saudi Aramco IPO, Not for BP

Musk’s Hyperloop One recently announced that its first track test of Hyperloop technology was a success. The Hyperloop can travel close to 1,000 mph. The company was set up two years ago with the aim of turning into reality Elon Musk’s vision of a superfast and affordable public transport network using magnetic propulsion in a near vacuum.

The crux of Musk’s idea was a long, straight tube, almost completely evacuated, along which a transport pod will travel at high subsonic speeds. A journey from San Francisco to Los Angeles would take half an hour in such a pod at 760 mph or more.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment
  • zipsprite on June 20 2016 said:
    The only thing about Hyperloop that Musk invented is the name. The idea of mag-lev trains running in evacuated tubes at close to the speed of sound has been around for decades, probably even over a century. He stirred up interest in the idea and said let's build it, and good on him for that, but he certainly didn't "invent" the idea.
  • Pounce on June 20 2016 said:
    Have potential military applications been discussed anywhere in the press? This would obviously not be built for importing Chinese-made sneakers nor luring Russian billionaires and their bikini models to the lovely shores of Harubino. Unless there is a sun-deck of course....watch that windburn. :-)
  • Someone on June 24 2016 said:
    Musks idea doesnt involve mag-lev, thats a change that some of the companies working on the prototype have made. The entirety of the idea that Musk proposed was indeed original, but like most feats of engineering they usually are built out of merging several previously understood ideas.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News