HYPERLOOP TRIP FROM HELSINKI TO STOCKHOLM TAKES LESS THAN 30 MINUTES
Results from the world's first study of a full-scale Hyperloop system was presented by Hyperloop One, FS Links and KPMG at the Northern Light business summit in Helsinki, Finland. The data reinforces the transformational economic and social case for building the proposed 500-kilometer Hyperloop network linking the metro areas and airports of the two capitals, according to the companies.
Passengers of this proposed Hyperloop network would be able to make the trip in 28 minutes compared to a 3.5-hour flight or overnight ferry, according to a new study.
The value of time saved by the network is an $355 million dollars per year. Revenue for the complete system is estimated to be $1.1 billion dollars per year, with an operating profit of $886 million dollars based on a forecast of 43 million passenger trips a year.
The cost to complete the entire 500-kilometer Sweden-Finland network is projected to be $21 billion dollars, or $42 million dollars per kilometer on average.
The UK's London-to-Birmingham fast rail project is currently budgeted at $180 million per mile for infrastructure only. California's high-speed rail project is now between $124 million to $143 million per mile.
The Hyperloop network would unlock new economic development in the region, too. Stockholm, for example, has a 13-year waiting list for new rental apartments. Plans by the Swedish government to add 210,000 new commuter homes in the Greater Stockholm can be incorporated into the route, building real estate values around Hyperloop stations that can whisk people to downtown Stockholm in less than 10 minutes.