Last updated: 12:26 PM ET, Sat March 12 2016

Slovakian Officials Looking Into Hyperloop

Car Rental & Rail | Amy Coyne Bredeson | March 12, 2016

Slovakian Officials Looking Into Hyperloop

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The Slovakian government is considering building a Hyperloop transport system, with routes eventually connecting Bratislava with Vienna, Austria, and Budapest, Hungary, PR Newswire reported. 

READ MORE: MIT Wins Hyperloop Contest

Officials finalized an agreement with JumpStartFund's Hyperloop Transportation Technologies this week to explore the idea further, according to PR Newswire.

A tube-based transportation system that would move people around the city or between cities, the Hyperloop could travel up to 760 mph, PR Newswire said.

READ MORE: First Full-Scale Hyperloop Test Track Could Launch by 2016

"Slovakia is a technological leader in the automotive, material science, and energy industries, many of the areas that are integral to the Hyperloop system," the company’s CEO, Dirk Ahlborn, said in a press release. "Having a European Hyperloop presence will incentivize collaboration and innovation within Slovakia and throughout Europe. With our project in Quay Valley, this agreement with Slovakia, and future developments with other regions of the world, HTT truly has become a global movement."



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