KUALA LUMPUR, July 24 -- US Department of Transportation (USDOT) Secretary Elaine Chao and the Non-Traditional and Emerging Transportation Technology (NETT) Council have unveiled the guidance document on a clear regulatory framework for hyperloop in the United States (US).
According to a statement, the regulatory guidance document for hyperloop is the first of its kind in the world, further proving the US intends to be the leader in the industry.
“This guidance bridges the gap between innovator and regulator, prioritises safety during development without hampering innovation, and promotes mutual awareness between industry and government,” said Chao during the live-streamed event.
Meanwhile, Virgin Group Founder, Sir Richard Branson, in a statement said: “Hyperloop offers a truly unique opportunity to lead the world in 21st century transportation.”
“It takes strong vision to break away from the inertia of the status quo and embrace these opportunities. The announcement today will help lay the groundwork for the United States to take that leadership.
”Virgin Hyperloop has been working closely with the NETT Council over the last year and a half, since its creation in March 2019, to advance its technology and ensure they are able to deploy hyperloop safely and quickly.
This historic announcement not only provides a pathway for hyperloop regulation and deployment in the US, but also establishes hyperloop’s eligibility for federal funding for projects.
As an entirely new category of transportation, hyperloop will unlock exponential growth opportunities for cross-industry manufacturing and development jobs - across construction, aerospace, rail, automotive, aviation, electric vehicles and autonomous control.
-- BERNAMA
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