HyperloopTT is now hoping the Federal Government will fund an innovation hub to help prove the technology is safe, efficient and feasible.
It also wants the government to take a leading role in evaluating and regulating standards for the autonomous systems and to fund a study comparing various modes of autonomous travel.
Many are skeptical the point-to-point technology will work, although its potential benefits could be transformative. It remains unclear whether commercial Hyperloop systems will ever be widely adopted. As the global population swells and the environment declines, however, better mass transit systems will become essential.
Source: Charis Chang, "Sydney to Melbourne in 40 minutes: Hyperloop idea pitched to government", News.com.au, December 29, 2018. Aidan Wondracz, "Sydney to Melbourne in 40 MINUTES: Ultra high-speed trains could soon slash inter-state travel times across Australia with top speeds of more than 1220km/h", Daily Mail Australia, December 2018, 2018. Will Nicol, "What is the Hyperloop? Here's everything you need to know", Digital Trends, December 27, 2018.