Humans traveling in pods at speeds up to 750 mph sounds like something out of the distant future, but that distant future may only be a few years away.
According to Fortune magazine, Bibop Gresta, the chief operating officer of Hyperloop Transportation Technologies, said at a CNBC/TradeShift event at Davos on Thursday that his company plans to break ground on the new mode of transportation, which is the brainchild of billionaire Elon Musk.
“After over two and a half years of research and development our team has reached another important milestone. This will be the world’s first passenger-ready Hyperloop system,” said Dirk Ahlborn, Hyperloop Transportation Technologies’ CEO, in a statement to The Verge. “Everyone traveling on California’s I-5 in 2016 will be able to see our activities from the freeway.”
The five-mile track is proposed for Quay Valley, California and will emulate Musk’s idea of using magnetic forces to propel people. It is expected to be completed sometime in 2018.
However, Musk and SpaceX are not involved in the construction of the hyperloop.
Another track is expected to be completed in 2016 just north of Las Vegas by rival company Hyperloop Technologies, according to The Verge.