The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Dhamma Deshana
Today at 8:05 am by ruwan326

» අනං මනං! #/+?.<>
Yesterday at 5:41 pm by Ethical Trader

» Amazon Founder Jeff Bezos Influenced By Smarter Sri Lankan
Fri Sep 21, 2018 5:20 pm by Ethical Trader

» ඩොලරයේ විකුණුම් මිල රු. 167 ඉක්මවයි
Fri Sep 21, 2018 9:43 am by Ethical Trader

» ඩොලරයේ විකුණුම් මිල රු. 164 ඉක්මවයි
Tue Sep 18, 2018 2:42 pm by yellow knife

» BLI.N0000 ( Bimputh Finance PLC )
Tue Sep 18, 2018 10:47 am by yellow knife

» UAL.N0000 ( UNION ASSURANCE PLC )
Sun Sep 16, 2018 6:13 pm by Senarath67

» CAL Securities Facilitates First Cross-Border Share Transaction by a Sri Lankan Stockbroker
Sat Sep 15, 2018 11:04 pm by serene

» මහ බැංකුව රු. බිලියන 60 ක බැඳුම්කර විකුණයි
Fri Sep 14, 2018 12:48 pm by Ethical Trader

» ඩුනාමිස් කොටස් මිල 90% කින් ඉහළට. වැඩි අයිතිය ජනශක්ති අත්පත් කර ගනී
Fri Sep 14, 2018 7:49 am by serene

» නිදහස ලැබීමෙන් පසු රු. ට්‍රිලියන 1.9 ක වැඩිම ණය ආපසු ගෙවීම මෙම වසරේ දී – මංගල
Thu Sep 13, 2018 6:44 pm by Ethical Trader

» ණය අපසු ගෙවීමට අඩු පීඩාකාරී ප්‍රතිපත්ති විකල්ප පවතින්නේ නම් සමාජ වියදම් කපා හැරීම නොකළ යුතුයි – UN විශේෂඥයා පවසයි
Wed Sep 12, 2018 6:14 pm by Ethical Trader

» Banking Sector Outlook-
Wed Sep 12, 2018 8:17 am by serene

» Dividend Announcement
Tue Sep 11, 2018 7:45 am by serene

» Sri Lankan central bank rejects currency crisis report
Tue Sep 11, 2018 7:31 am by serene

» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
Sat Sep 08, 2018 1:53 am by stockback

» අසාමාන්‍ය කොටස් මිල උච්ඡාවචනය ගැන MTD Walkers කරුණු පහදයි
Wed Sep 05, 2018 6:26 pm by Ethical Trader

» ශ්‍රී ලංකා රුපියල
Wed Sep 05, 2018 6:24 pm by Ethical Trader

» සුමල්ගේ සමාගමට කැබිනට් අනුමැතිය. රුපියල් බිලියන 2.7 ක නිවාස ව්‍යාපෘතියක්
Wed Sep 05, 2018 6:22 pm by Ethical Trader

» ධම්මික ලංකා සෙරමික් සභාපති ධූරයෙන් ඉල්ලා අස්වෙයි
Wed Sep 05, 2018 2:26 pm by nihal123

» Sri Lanka car registration up in July, tax not yet hit
Mon Sep 03, 2018 5:14 pm by Ethical Trader

» 2018 මාස 08 කදී කොළඹ කොටස් 4.54% කින් පසුබසී
Mon Sep 03, 2018 5:11 pm by Ethical Trader

» Sri Lanka rupee ends steady, stocks flat
Mon Sep 03, 2018 7:26 am by The Invisible

» Sri Lanka's August inflation in Colombo hits 5.9-pct
Mon Sep 03, 2018 7:24 am by The Invisible

» ජනාධිපතිවරණයට තවත් අපේක්ෂකයෙක්. සුමල්, ධම්මිකව යෝජනා කරයි VIDEO August, 30, 2018
Mon Sep 03, 2018 7:22 am by The Invisible

» Pictures & Stories ........
Sat Sep 01, 2018 6:57 pm by malanp

» සිංහ රෝහලට අසාධ්‍යයි
Fri Aug 31, 2018 7:56 pm by nihal123

» මාස 06 කදී වෙළෙඳ හිඟය ඩොලර් මිලියන 5,700 ඉක්මවයි
Tue Aug 28, 2018 8:01 pm by spw19721

» Billionaire Ashok Pathirage controlled Asiri Health to launch an MBBS degree Program
Tue Aug 28, 2018 5:26 pm by Ethical Trader

» දිගින් දිගටම වැඩි වෙමින් ඇති උද්ධමනය ගැන ආර්ථික විශේෂඥයින් අනතුරු අඟවයි
Mon Aug 27, 2018 11:47 am by Ethical Trader

» මැල්කම් ටර්න්බුල් පහකිරීමෙන් පසු ඕස්ට්‍රේලියාවේ අගමැති ධූරයට ස්කොට් මොරිසන්
Fri Aug 24, 2018 6:06 pm by Ethical Trader

» Sri Lanka rupee opens at new low, stocks gain 0.15-pct
Fri Aug 24, 2018 5:55 pm by Ethical Trader

» Sri Lanka's John Keells fine-tunes hotel strategy
Fri Aug 24, 2018 5:53 pm by Ethical Trader

» Sri Lanka's The Finance struggle to recover Ceylinco assets
Fri Aug 24, 2018 5:51 pm by Ethical Trader

» Sri Lanka increases planting subsidies for rubber
Thu Aug 23, 2018 10:34 am by The Invisible

» Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs
Thu Aug 23, 2018 10:33 am by The Invisible

» Sri Lanka to start first boat service in Colombo canals with navy
Thu Aug 23, 2018 10:32 am by The Invisible

» ලොකුම සමාගම් ලැයිස්තුව අලුත් වෙයි. ජෝන් කීල්ස් අභිබවා CTC අංක 1 ට
Thu Aug 23, 2018 8:41 am by Ethical Trader

» යෙන්, යුවාන්, යූරෝ බැඳුම්කර අලෙවියට ආණ්ඩුවේ සූදානමක්
Thu Aug 23, 2018 8:39 am by Ethical Trader

» හැරී ගේ මීළඟ ඉලක්කය
Wed Aug 22, 2018 5:23 pm by Ethical Trader

» Sri Lanka pension fund to value hotel stake eyed by HPL Hotels
Wed Aug 22, 2018 11:29 am by The Invisible

» Sri Lanka's Hemas Holdings profitability seen improving: Fitch
Wed Aug 22, 2018 11:27 am by The Invisible

» Sri Lanka's LMF to invest Rs2bn in new dairy farm
Wed Aug 22, 2018 11:26 am by The Invisible

» Sri Lanka’s national inflation accelerates to 3.4-pct in July
Wed Aug 22, 2018 11:23 am by The Invisible

» Sri Lanka rupee ends at new low, stocks flat
Wed Aug 22, 2018 11:22 am by The Invisible

» Elsewhere vs SL : Honesty, Social responsibility , Word twisting and Decency
Tue Aug 21, 2018 11:00 pm by Expert

» මහජන බැංකුවෙන් ජෙහාන් ගේ සමාගමට දුන් රු. බිලියන 10 ගැන මහ බැංකුව මෙසේ කියයි
Tue Aug 21, 2018 9:26 pm by Rana

» මැරියට් ආයෝජනයෙන් ඉවත් වන්නේ ප්‍රමාණවත් ප්‍රතිලාභයක් ලැබුණොත් පමණයි – EPF අවධාරණය කරයි
Tue Aug 21, 2018 6:07 pm by Ethical Trader

» Sri Lanka to charge 7-pct tax from banks on added value
Mon Aug 20, 2018 5:51 pm by Ethical Trader

» Sri Lanka rupee opens weaker, stock gain
Mon Aug 20, 2018 5:49 pm by Ethical Trader

September 2018
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
30      

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Putin Mind-Melds With Elon Musk as Russia Funds Hyperloop Dream

Go down

Putin Mind-Melds With Elon Musk as Russia Funds Hyperloop Dream

Post by Backstage on Thu Jul 07, 2016 12:25 pm


Putin Mind-Melds With Elon Musk as Russia Funds Hyperloop Dream
Ilya Khrennikov
Stepan Kravchenko
July 7, 2016 — 9:30 AM IST

Russia sees transonic technology upending freight industry
Moscow studies using Hyperloops to link airports to downtown

A brash dot-com millionaire showed up in Russia shopping for a rocket at the start of Vladimir Putin’s presidency, only to be derided as a crank by smug apparatchiks who plied him with vodka before waving him away.

Nobody in Moscow is laughing at Elon Musk any more.
Since Musk proposed a new mode of transport in 2013 -- his trademarked Hyperloop network of levitating pods that zip through tubes at breakneck speed -- Russia has emerged as a key investor in its development. And Putin, who’s built pipelines of his own, pledged to champion the technology during talks last month at his annual forum in St. Petersburg with Shervin Pishevar, a Musk ally and early Uber investor who co-founded U.S. startup Hyperloop One.

“He expressed big interest in this project and promised state backing for implementing it,” Putin’s spokesman, Dmitry Peskov, said in a text message.
Germans, French

Hyperloop One is one of at least two companies racing to realize Musk’s futuristic dream of transforming the way goods and people move across the earth. Much of the $100 million it has raised so far has come from Russian freight tycoon Ziyavudin Magomedov, who co-owns ports in the Far East and on the Black and Baltic seas. Other investors include the Kremlin’s Russian Direct Investment Fund, and French rail operator SNCF, but not Musk himself.


Los Angeles-based Hyperloop One already has feasibility studies under way with Russia and at least two other European countries, as well as partnerships with leading designers such as Deutsche Bahn Engineering & Consulting. In May, it conducted a proof-of-concept test in the Nevada desert, accelerating a cart on metal rails from zero to 116 miles per hour (187 kph) in just 1.1 seconds.


But huge hurdles remain for the company to meet its goal of starting commercial operations by 2020. Its next target is to present a working prototype of a complete, near-vacuum system of tube, magnetic track and sled by January. If successful, the company would then focus on improving its propulsion technology, which is based on linear induction motors and air compressors, to achieve higher speeds while ensuring safety and comfort.
‘Transonic Travel’

And then there are the costs.

In his initial, open-source proposal, Musk predicted that a 400-mile Hyperloop could slash travel time between Los Angeles and San Francisco to 35 minutes and be built for as little as $6 billion, or $15 million a mile.

But officials in Moscow think they can build one for less. The Transportation Ministry, together with Hyperloop One and Magomedov’s Summa Group, signed an accord at the St. Petersburg forum to study building a 44-mile link connecting China’s Jilin province to Summa’s port of Zarubino on the Sea of Japan for as little as 30 billion rubles ($460 million) by as early as 2020.

"The Russians were first to space with Sputnik and could be first again to transonic travel,” Hyperloop One Vice President Bruce Upbin said in a blog.
New Silk Road

Transport Minister Maxim Sokolov told state television that the $2 billion Russia-China Investment Fund, a venture between the two governments, will probably help finance the first Russian Hyperloop with an eye toward using the technology more widely in China’s New Silk Road initiative to expand trade routes to Europe through Russia and Central Asia.

Putin is increasingly turning to China for investment as Russia struggles through a second year of a recession that was triggered by plunging oil prices and made worse by a trade war with the European Union over Ukraine.

The Russian leader visited China last month for the fourth time since Xi Jinping became president in 2013 and the two sides signed more than 30 cooperation accords in areas such as energy, agriculture and infrastructure, including a high-speed rail link between Moscow and Kazan that may cost $15 billion.

Russia, which stretches across 11 time zones, sees enormous benefits to slashing travel times, particularly along the Trans-Siberian, which already offers a cheaper and shorter, though slow, alternative to sending goods between Asia and Europe by ship. The average speed of Russian cargo trains is just 16 kilometers per hour, a fraction of what China achieves.
Putin Prediction

“Through our investment in Hyperloop we will help revolutionize transportation and logistics,” William Shor, who runs Summa Group’s investment arm, Caspian Venture Capital, said in an interview in Moscow.

In St. Petersburg, Hyperloop One’s Pishevar, the Iranian-born co-founder of Sherpa Capital in Silicon Valley, also signed agreements with Summa and the city of Moscow to explore connecting its major airports with downtown.

After his meeting on innovation with Putin on June 16, Pishevar posted a photo on his Facebook page of all the officials and investors in the room, which he said included the heads of 18 sovereign wealth funds. The venture capitalist said the Russian leader wrapped up the session by offering this assessment:

"Putin said Hyperloop will fundamentally change the global econom
avatar
Backstage
Top contributor
Top contributor

Posts : 3279
Join date : 2014-02-24

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum