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Spanish government to launch first European hyperloop development facility

5 monthes ago   |   By

Virgin Hyperloop One has signed an agreement with Administrator of Railway Infrastructures is ready to open an ‘Advanced Technology Development and Testing Center' in the Andalusian region of Spain.
This will be the company's first European development facility, valued at approximately $500 million.
In return for this investment, Virgin Hyperloop One will obtain €126 million in public aid through loans and grants to help establish the new centre, advance Virgin Hyperloop One's technology development and testing and stimulate regional economic growth and job creation.
With its robust...
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