The project will reduce emissions by 630,000 tonnes annually.
FluxJet behaves like a conventional electric train, traveling at 55 mph near urban areas. However, when it goes out into rural areas, it enters a launch booth, which creates a vacuum in the tube and uses a kind of air pump to propel the train.are activated that allow the train to maintain speed without the need to roll, which avoids friction.“This milestone is a major leap forward,” said Ryan Janzen, co-founder and CTO, TransPod.
The project will cost about $18 billion, but the company had recently secured funding of $550 million from U.S.-based Broughton Capital Group, in cooperation with China-East Resources. While being a pricey project, this ultra-high-speed transportation project will create up to 140,000 jobs and add $19.2 billion to the region’s GDP throughout construction.
“TransPod completely changes the game with ultra high-speed, zero-emission passenger travel and freight transportation between major gateway cities,” said Yung Wu, CEO of MaRS Discovery District. “It is time for bold action from our policymakers, investors, and operators to support the commercialization of made-in-Canada innovations like TransPod, to win in the multi-trillion dollar global innovation economy.
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