The construction of a 500-kilometre hyperloop tube between Helsinki and Stockholm would take 12 years and cost 19 billion euros, reveals Hyperloop One.Finland is one small step closer to realising what is probably one of the more ambitious transport projects in the world after the City of Salo signed a letter of intent with Hyperloop One, a start-up based in Los Angeles seeking to bring into life the vision of transporting people in pods at speeds exceeding 1,000 kilometres per hour.

The letter of intent will mark the launch of the first stage of the project: a detailed feasibility study on building a 50-kilometre hyperloop tube between Salo and Turku.

The transport concept is based on the vision of Elon Musk, the founder of SpaceX and Tesla.

Hyperloop One and its Åland Islands-based partner, FS-Links, are serious about introducing the futuristic transport system in the Nordics. The companies announced recently on their websites that they have drawn up plans to build a 500-kilometre underwater tube network between Finland and Sweden in a project that would cost 19 billion euros and take 12 years to complete.

The estimated travel time between Helsinki and Stockholm would be less than half-an-hour, according to the companies.

The plans have received considerable attention worldwide among publications such as Fortune and Inverse. The latter, for example, reports that Hyperloop One is “considered the frontrunner in the race to take Hyperloop […] from concept to reality”.

Aleksi Teivainen – HT
Illustration: Hyperloop One
Source: Uusi Suomi