Hyperloop Transportation Technologies (HTT) will be building a hyperloop track in the city of Tongren in Guizhou province, the Chinese government has confirmed. The concept of a hyperloop is to bring the speed of an airplane to ground transportation.

HTT has ready signed a commercial contract with the Tongren Transportation & Tourism Investment Group of the People’s Republic of China. According to the agreement, as local media is reporting (in Chinese), the Tongren government and HTT will set up a joint-venture. The two parties agree to respectively offer 50% initial financing to launch to project. The joint-venture will also involve the construction of an industrial hyperloop research park.

Nevertheless, the ultimate goal of the building of the Hyperloop track and industrial park is the commercialization of related services. The contract shows that a track no more than 10 km will be built. The completion of the 10km trial will allow further track extension that will prepare for formal commercial events.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com