Business news from Ukraine

The Infrastructure Ministry of Ukraine and Hyperloop Transportation Technologies have signed a memorandum of understanding and cooperation on the Hyperloop project, the Ministry of Infrastructure has informed. During the public discussion “Hyperloop in Ukraine” with the participation of Hyperloop Transportation Technologies CEO Dirk Ahlborn and Minister of Infrastructure Volodymyr Omelyan, a memorandum of cooperation was signed, as well as the issues related to the development of high-speed transport (in particular, the Hyperloop transport system), the introduction of innovations and artificial intelligence systems in transport industry were considered.
Omelyan noted Ukraine should enter the world’s mainstream in developing advanced technologies in transport.
“Hyperloop is the next generation transport that will give the world unprecedented speed, possibilities, and technologies. One of the results of Ahlborn’s visit was our clear intention to work together to develop these new technologies,” the minister said.
He expressed hope that a center will soon be opened that will deal not only with Hyperloop but with new materials, new components of modern transport.
The parties agreed on joint development of technologies, joint search for investors for this project.
Hyperloop Transportation is one of the first companies that showed interest in the Hyperloop high-speed transport project. The company already has contracts for the design and construction of high-speed transportation lines with France, Slovakia, Austria, Hungary, the United Arab Emirates, and others.