Missouri house has passed the legislation that would add proposed high-speed tube travel system linking St Louis and Kansas City in Missouri to the list projects that could be funded through public-private partnership (PPP) model. The bill will allow the state grant to apply to "tube transport" devices like they apply to ports and light rail systems.

Missouri Hyperloop project is a proposed 250 mile long (402 km) pneumatic tube transportation line connecting St Louis and Kansas City in Missouri along I-70 corridor. The system will move passengers in a vacuum-like system at the speed of up to 640 mph (1030 kmh). Travelers could get from St. Louis to Kansas City in about 30 minutes versus 4 hours in the car.

In 2017 the Missouri Hyperloop Coalition was formed between Virgin Hyperloop One, the University of Missouri, and engineering firm Black & Veatch. They have released a report that concluded that a hyperloop is feasible.

In June 2019, Virgin Hyperloop One announced a partnership with the Sam Fox School of Washington University of St. Louis to further investigate different proposals for the Missouri Hyperloop.

The state task force dedicated to studying the feasibility of the hyperloop has recommended to built the 15 mile (24km)-long track as a public-private partnership first as a test track so that the federal regulators can decide if the system can be certified for commercial use of passengers and cargo.

The estimated project cost of the Hyperloop is USD 10 billion and the test track - between USD 300 million and USD 500 million. The state is planning to partially fund the project with the rest covered with private equity.

Download our free USA PPP Market report:

https://www.infrapppworld.com/report/usa-ppp-market-2019 

You can also find more free reports here.