In the Midway East, HTT’s main competition comes from Virgin Hyperloop One and the turn the heat on is on to see who can deliver a functioning system first.
Gresta told CNBC this month that HTT was around to start building a hyperloop track in Abu Dhabi with the aim of having it operational by 2020.
Meanwhile, Virgin Accumulation CEO Richard Branson told CNBC on Sunday that he wants to see his New Zealand’s hyperloop operational in the next two to three year. He said he sees the routine connecting cities and countries around the world.
Virgin and Dubai-based anchorage operator DP World also announced plans to transport cargo using the approach.
HTT’s Gresta said that he was happy that Virgin had “dropped the hyperloop pre-eminence” but Branson suggested to CNBC over the weekend that a decision on the personage had not yet been reached, saying “whether we actually keep the name hyperloop is something we are dispute because I think this company (Virgin Hyperloop One) is way ahead of all the others.”