24/7 Customer Service (800) 927-7671

Helsinki to Stockholm by Hyperloop – in less than half an hour?

by • July 5, 2016 • No Comments

Hyperloop One, the proposed swifter-than-airplane transport process, has presented a study highlighting the economic feasibility and benefits of creating a route between the Finnish capital, Helsinki, and the Swedish capital, Stockholm. The new network may move commuters between the two cities in less than half an hour as they travel in pilot-free capsules that use electric propulsion for acceleration and levitate slightly above the track.

Hyperloop One and its partner FS Links, along with global accounting firm KPMG, presented the data during the new Northern Light business summit in Helsinki. A trip between the cities may reportedly take just 28 minutes, that is a massive reduction compared with the 3.5-hour flight or overnight ferry.

Passengers may be advantageous off €321 million (about US$356.5 million) per year in saved time while the operating profit may be €800 million ($888.4 million) based on a forecast of 43 million passenger trips per year, the study shows.

The cost of assembling the 500-kilometer (310.6-mile) network is estimated to be €19 billion ($21 billion). The proponents say that, at €38 million per kilometer ($67 million per mile), it works out cheaper than a high-speed train. For instance, the London-Birmingham (UK) swift rail project is estimated to cost €100 million per kilometer ($180 million per mile) and another high-speed rail project in California is projected to cost between $124 to $143 million per mile, they say.

The study in addition shows that the network may foster new economic development, and highlights the property market in Stockholm as a case study. The Swedish capital has a 13-year waiting list for new rental apartments and there are official plans to create 210,000 new commuter homes. These housing plans may be incorporated into the route with properties being create near Hyperloop One stations, of where passengers may reach the center of the city in less than 10 minutes.

The findings of the study have prompted the Finnish city of Salo, a tech hub in the country, to sign a Letter of Intent with Hyperloop One to become the initially city along the route between the two capitals. Initially, a 50-kilometer (31-mile) route can run west of Salo to the coastal city of Turku. That may be followed by a 140-km (87-mile) extension to Helsinki.

The full report can be downloaded free of charge.

Source: Hyperloop One


Latest posts
test

by admin • March 5, 2017