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July 6, 2016 02:00 am

Hyperloop One Says It Can Connect Helsinki To Stockholm In Under 30 Minutes

An anonymous reader writes from a report via The Verge: Hyperloop One released a new study today that says a hyperloop connecting Stockholm, Sweden, and Helsinki, Finland, could turn a 300-mile trip that would normally take 3.5 hours flying into a breezy 28-minute ride. How much would they need to accomplish this? Only $21 billion (19 billion euros) to build it. That price includes $3.3 billion (3 billion euros) for one of the world's largest marine tunnels through the Aland archipelago, a chain of islands in the Baltic Sea. But the company did say the total cost would be offset by the rise in property values and productivity as facilitated by the new, super-fast transit system. Homes built nearby would be worth more, freight shipments would arrive sooner, and workers traveling between the two cities would spend less time commuting and more time working. The study claims the Nordic Hyperloop would start generating a surplus after 10 years thanks to its economic benefits. As for where it expects to receive the money, Hyperloop One envisions a combination of public funds and private investment, with the study authors recommending capturing some of the value from increased property values. Hyperloop is expected to generate somewhere between $969 million (875 million euros) and $1.1 billion (1 billion euros) in ticket sales annually. "We've said that, generally speaking, a Hyperloop system can be built at 50 [percent] to 60 [percent] of the cost of high-speed rail because Hyperloop technology requires less intensive civil engineering, its levitated vehicles produce fewer maintenance issues and its electric propulsion occupies far less of the track than high-speed rail," the company says. "With Hyperloop, passengers glide most of the way above the track in a near-vacuum tube with little air resistance." A hyperloop between Sweden and Finland would take up to 12 years to complete. Hyperloop One conducted the first successful test of its high-speed transportation technology in the desert outside Las Vegas in May.

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