Russian Direct Investment Fund Multiplies Investments in Hyperloop Project

Sputnik News Service, 19.11.2016

The Russian Direct Investment Fund CEO Kirill Dmitriev said that the fund multiplied investments in the project of Hyperloop high-speed transport system.

LIMA (Sputnik) - The Russian Direct Investment Fund (RDIF) multiplied investments in the project of Hyperloop high-speed transport system, RDIF CEO Kirill Dmitriev said on Saturday.

"Even with the United States we have news that we multiplied our investments in Hyperloop," Dmitriev told journalists.

He said that the decision was made during the last round of attracting investments, in which the United Arab Emirates' company DP World was also taking part.

"RDIF also sees potential for developing joint projects with US investors and holds consultations on restoring cooperation with US partners," Dmitriev added.

The Hyperloop concept was proposed by US billionaire Elon Musk in 2012. The technology provides for the high speed transportation of passengers and goods in tubes, in which light aluminium capsules are propelled by linear induction motors and air compressors.