Colorado selected as one of 10 winners for Hyperloop project

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If the 640-km Toronto-Montreal corridor is selected for construction, the Hyperloop could purportedly reduce travel times between the two cities to 39 minutes.

"The Hyperloop One Global Challenge started as a call to action for innovators, engineers, trailblazers and dreamers around the world who shared our vision of creating a new mode of transportation", said Shervin Pishevar, cofounder and executive chairman of the Hyperloop One group, in a release announcing the finalists.

The 10 Hyperloop One Global Challenge winners represent the United States, the United Kingdom, Mexico, India and Canada. "The north gave the world railway technology and we are passionate about making sure the north is at the forefront of the next generation of transport innovation, developing skills, expertise and system components that will be exported around the world".

It would service 10 urban centers and more than 4.8 million people, and include a leg that extends to Vail. "That half of the winning teams are supported by AECOM demonstrates the power of our connected expertise and is further evidence that these are the kinds of problems AECOM is built to take on and solve. Our successful test this summer made Hyperloop a reality, and now we're ready to bring our Hyperloop system to the world".

The company has also announced a partnership with the Colorado Department of Transportation (CDOT) to conduct a feasibility study to explore the possibility of bringing Hyperloop to the Centennial state.

Hyperloop is a technology promoted by Tesla founder Elon Musk which would place passengers and cargo in a cylindrical vehicle which accelerates via electric propulsion through a low-air-pressure tube, suspended above the track using magnetic levitation.

Hyperloop Texas representatives said the technology would help to eliminate mass congestion on Austin, Dallas and Houston's roadways.

"The results of the Hyperloop One Global Challenge far exceeded our expectations", said Rob Lloyd, CEO of Hyperloop One. The tech giant released a teaser video that asks several rhetorical questions, like why does my phone take so many blurry photos, or why is my smartphone so dumb, which may offer us clues as to what innovative features the new phones will have, like some sort of image stabilization and an upgraded Google Assistant.

The company is hoping to have one in service by 2021.

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