Los Angeles, California. (Jan 31, 2024): Hyperloop Transportation Technologies (“HyperloopTT”), a leading transportation and technology licensing company focused on realizing the hyperloop, is the designated technology provider within a joint venture of world-leading Italian-based industrial companies – Webuild and Leonardo – that could lead to the construction of the world’s first commercial hyperloop system in Italy. In June of 2023, the HyperloopTT-powered consortium, called Hyper Builders, won the successful bid on the tender issued by the Venetian Motorway Concession (CAV), Italy’s regional highway operator, which calls for a hyperloop prototype on a section between Venice-Mestre and Padua, Italy. The contract for the feasibility study was signed by CAV and Webuild, the project leader, officially kicking off the project. Following phase one, the tender includes two other phases: a detailed design and engineering phase and the subsequent final phase for construction, testing, and certification.
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