First phase of UAE hyperloop on track for 2020

File photo showing Journalists and guests looking over tubes following a propulsion open-air test at Hyperloop One in North Las Vegas, Nevada, U.S. in 2016. (Reuters)
Updated 17 January 2019
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First phase of UAE hyperloop on track for 2020

LONDON: Phase one of the world’s first commercial hyperloop system will be ready next year, says the boss of the company building the new transport system in the UAE. 

Bibop Gresta, chairman of Hyperloop Transportation Technologies, said the first 10 km out of a 150 km stretch linking Abu Dhabi to Dubai and Al Ain will be completed in 2020 at a cost of $20 million to $40 million per kilometer.

The total cost of the 150 km system between Abu Dhabi and Dubai — the first of its kind in the world — is estimated to be between $3 billion and $6 billion but Gresta said it would recoup its costs within eight to 15 years.

He revealed the Abu Dhabi hyperloop capsule has already left Spain, where it was built, and is due to start tests in Toulouse, France on a prototype track.

Under an agreement signed last April with Aldar Properties of Abu Dhabi, Hyperloop will operate the rail system and construct a commercial center, research and development center, a visitor center and “innovation hub” on the Seih Al-Sdeirah landbank on the border between Abu Dhabi and Dubai emirates, close to both Al-Maktoum International Airport and the Expo 2020 site.

“It was a far-fetched dream but we are all excited now that it’s a dream coming true in the UAE in 2020,” Gresta told WAM, the official news agency of the UAE. “Basically, the Abu Dhabi Hyperloop system is right now past the feasibility study.”

The hyperloop consists of a pod propelled by electro-magnetic levitation at speeds of up to 1,123 km per hour, potentially reducing the traveling time between the two emirates to mere minutes. 

Gresta insisted the system would become profitable quickly as it is simpler and lighter in design and uses less energy than conventional types of mass transport. 

“It presents the ability to build a mass transit system that would not require government subsidies,” he said. “In regions where road and railway infrastructure is scarce, hyperloop can be a leap over 20th century technology directly into the 21st century. In regions with developed infrastructure, hyperloop can easily integrate and complement current and future road and rail networks.”

There are three hyperloop test tracks in the world — two in the US and one in Europe.

However a transport expert cast doubt on the timescale and warned the hyperloop could be sent into operation too soon.

“It’s the UAE, where they had the first drone police bike, the first drone taxi and every hyper car that exists,” said Stanford Ellis, publisher and editor of the website Transport Monthly. 

“The hyperloop is quite viable as long as it’s done properly, but the UAE might push it along.”


US poised to end waivers for 5 countries importing Iranian oil

Updated 22 April 2019
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US poised to end waivers for 5 countries importing Iranian oil

  • Japan, South Korea, Turkey, China and India were exempted from sanctions until May 2
  • Since November, Italy, Greece and Taiwan have stopped importing oil from Iran

WASHINGTON: The Trump administration is poised to tell five nations, including allies Japan, South Korea and Turkey, that they will no longer be exempt from US sanctions if they continue to import oil from Iran, officials said Sunday.
Secretary of State Mike Pompeo plans to announce on Monday that the administration will not renew sanctions waivers for the five countries when they expire on May 2, three US officials said. The others are China and India.
It was not immediately clear if any of the five would be given additional time to wind down their purchases or if they would be subject to US sanctions on May 3 if they do not immediately halt imports of Iranian oil.
The officials were not authorized to discuss the matter publicly and spoke on condition of anonymity ahead of Pompeo’s announcement.
The decision not to extend the waivers, which was first reported by The Washington Post, was finalized on Friday by President Donald Trump, according to the officials. They said it is intended to further ramp up pressure on Iran by strangling the revenue it gets from oil exports.
The administration granted eight oil sanctions waivers when it re-imposed sanctions on Iran after Trump pulled the US out of the landmark 2015 nuclear deal. They were granted in part to give those countries more time to find alternate energy sources but also to prevent a shock to global oil markets from the sudden removal of Iranian crude.
US officials now say they do not expect any significant reduction in the supply of oil given production increases by other countries, including the US itself and Saudi Arabia.
Since November, three of the eight — Italy, Greece and Taiwan — have stopped importing oil from Iran. The other five, however, have not, and have lobbied for their waivers to be extended.
NATO ally Turkey has made perhaps the most public case for an extension, with senior officials telling their US counterparts that Iranian oil is critical to meeting their country’s energy needs. They have also made the case that as a neighbor of Iran, Turkey cannot be expected to completely close its economy to Iranian goods.