Abu Dhabi’s planned hyperloop system, set to open in the UAE capital in 2020, will cost “between $20-$40m per kilometre,” Hyperloop Transportation Technologies’ (Hyperloop TT) chairman revealed. The amount translates to roughly AED73-147m.
Speaking in an interview with the UAE's state news agency, Wam, Bibop Gresta said Abu Dhabi's hyperloop capsule has left the assembly facility in Spain to Toulouse, France, where it will be tested and optimised.
He added that this first-of-its kind project in the world "can recoup the investment in 8-15 years".
The project first phase involves building 10km of the 150km between Abu Dhabi and is set to be ready next year, the UAE state-news agency reported.
“Basically, the Abu Dhabi hyperloop system is right now past the feasibility study. We have already completed the study after we partnered with Aldar Properties last year,” said Gresta. "It will be the first commercial hyperloop line in the world."
April 2018 saw Hyperloop TT sign an agreement with Abu Dhabi's Aldar Properties, which will allow for the creation of a new Hyperloop TT centre.
Gresta added: “An average cost generically comes between $20-$40m per kilometre. When you build it in the desert, it is different from building it in Switzerland. However, the second question we need to ask is how long it takes to recoup the investment.
“This is a topical question because no one transportation system on the ground recoups its investments. They always need subsidy.
“But hyperloop [...] will be paying for itself and then it will be generating profits for the country. So, it is not only fast but also very efficient."