The RTA's and
Skytran's announcement comes at a time when, led by the UAE, hyperloop construction is becoming a reality around the world.
One of these solutions is developing Sky Pod units operated by 'Maglev' technology, which are characterised by their safety and speed as well as the saving much of the resources associated with the daily mobility of people," said Abdul Mohsin Ibrahim Younes, CEO of Rail Agency at RTA after signing the deal with John Cole, CEO of
skyTran.
"This MoU highlights RTA's continuous efforts to team with global specialist firms in developing advanced public transport technologies capable of attracting more riders by offering them safe, fast and luxurious transit experiences, besides curbing traffic congestion in the city," remarked Abdul Mohsin Ibrahim Younes, the CEO of Rail Agency at RTA after signing the deal with John Cole, CEO of
skyTran.
RTA and
skyTran have signed a Memorandum of Understanding as part of its continuous efforts to team with global specialist firms in "developing advanced public transport technologies capable of attracting more riders by offering them safe, fast and luxurious transit experiences, besides curbing traffic congestion in the city".
It will also support the Government drive to rank Dubai as the smartest and happiest city in the world," said John Cole, CEO of
skyTran.
RIL announced that it had made the strategic investment in
SkyTran to the tune of 12.7 percent of shareholding on a fully diluted basis.
"With
skyTran, we have a partner who not only shares our vision for innovation in Abu Dhabi, but are developing a service which will transform the Yas Island experience, and grow our appeal to the millions of residents and tourists who visit us from the UAE and across the world."
The pilot will be a 400-500 meter (yard) loop built at IAI's campus in central Israel and, if successful, will be followed by a commercial network in Tel Aviv in the coming years,
skyTran CEO Jerry Sanders told Reuters, without disclosing the cost.
The report said that with
SkyTran's pods the city aims to have energy and environment-friendly alternatives to cars and buses.
Dubai's Roads and Transport Authority (RTA) has signed a memorandum of understanding (MoU) with personal rapid transit (PRT) developer
Skytran to introduce suspended transport systems in Dubai.
MUMBAI: Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of Reliance Industries Limited (RIL) on Friday announced that it has acquired a 12.7 percent stake in US-based
SkyTran Inc, a company that is developing technology in the field of Personal Rapid Transit Systems.
The company is also developing a Dh12 billion project called Yas Bay comprising of three distinct areas: Yas Bay, the Media Zone and the Residences at Yas Bay, and an urban transportation system for the island called,
Skytran.
The planned combined investments of $30 billion in the UAE's railway networks include that in Abu Dhabi Metro and Light Rail,
skyTran Yas Island, the next stages of the Etihad Rail national network, the Dubai Metro extension for Expo 2020 and the new stages of the Al Sufouh Tram.
The planned investments of $30bn in the UAE's railway networks include the Abu Dhabi Metro and Light Rail,
skyTran Yas Island, the next stages of the Etihad Rail national network, the Dubai Metro extension for Expo 2020 and the new stages of the Al-Sufouh Tram.
