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CALIFORNIA FIRM HYPERLOOP TO BUILD VEGAS-AREA TEST FACILITY

LAS VEGAS — A California Company with visions of building a futuristic transportation system to zip people and packages at nearly the speed of sound announced Tuesday it is building a test facility in southern Nevada.

Hyperloop Technologies Inc. and the Nevada governor's office said the 20-hectare facility at a North Las Vegas business park will test a linear electric motor at speeds up to 540 km/hour — about half the speed envisioned in a full-scale system, which is almost equal to the speed of sound 1235 km/hour. 

The company said it has raised $37 million from investors and expects to obtain $80 million more in bond financing.

The concept was described in 2013 by Tesla and SpaceX billionaire Elon Musk.

James E. Moore II, director of the transportation engineering program at the University of Southern California, said a lot of safety, comfort and system questions have yet to be answered.

 The company said testing will start early next year, with full operation projected for early 2017.

Source: Associated Press