US-based Hyperloop One on Tuesday put the cost of traffic congestion between Dubai and Abu Dhabi at almost $800 million in lost working hours.
Nearly 4,000 vehicles travel on the Dubai-Abu Dhabi highway every day as majority of the people, who work in the UAE capital, reside in Dubai which offers cheaper housing options.
“Reducing this commute to 12 minutes opens a whole new realm of options,” the company said, adding the investment in a UAE Hyperloop network will unlock economic value 3.5 to 4 times over high speed rail.
In November 2016, the Roads and Transport Authority and Hyperloop One signed a deal to explore the potential for developing a Hyperloop link with Abu Dhabi. More info