Friday, October 14, 2016

The owner of the Summa group Magomedov was appointed to the Board of Directors of the Hyperloop One – TASS

MOSCOW, October 14. /TASS/. The owner of the Summa group Ziyavudin Magomedov joined the Board of Directors of the American company Hyperloop One, developing the project vacuum bullet train. This is stated in the message group.

Together with Magomedov to the Board of Directors of the American company entered the head of terminal operator DP World (UAE) Sultan Ahmed bin Sulayem. Official entry in positions will take place during the next meeting of the Board of Directors Hyperloop One.

According to the report, Magomedov was appointed to the Board of Directors of the American company after the completion of the next round of investment, the volume of which amounted to $ 50 million. Thus, since the Foundation in 2014, investment in the project amounted to $ 160 million.

“As heads of transport and logistics companies in the world Ziyavudin Magomedov and Sultan Ahmed bin Sulayem will be able to share their vision, unique experience and knowledge to help Hyperloop One to realize their ambitious plans.

In particular we are talking about the possible implementation of technology of vacuum trains in Russia and in the Eurasian space, in such projects as the Big port Zarubino, as well as transport corridors North – South “silk road”, – is spoken in the message of group “the Sum”.

In September 2016, the Summa group and DP World signed a Memorandum of understanding on the exchange of experience in the field of development of technologies of transport and logistics in the management of port assets, including in the “free port” as well as the development of high-tech delivery methods of goods and passengers in Maritime ports.

Technology “hyperpoetry” or Hyperloop involves the movement of the vehicle in the vacuum inside the pipe with speed of up to 1200 km, the Technology became well-known after it was mentioned by the entrepreneur Elon Musk, founder of the company that produces the Tesla.

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