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Hyperloop project awaiting government meeting, committing to stop in Red Deer

January 5, 2023  By CTV News

The company behind an Edmonton-Calgary high-speed hyperloop has a lengthy to-do list if it wants to start construction at Edmonton’s airport by the end of this year, as it planned to do.

Since announcing US$550 million in initial funding in early 2022, TransPod has built and began testing a prototype of the vehicle it says will be able to transport 54 people between Alberta’s largest cities in 45 minutes, co-founder and CEO Sebastian Gendron told CTV News Edmonton.

And to unlock the investment, TransPod has been finessing major details: the project’s $20-billion price tag, the loop’s alignment, permits, and land acquisition – starting near Edmonton’s airport.

(CTV News)


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