Hyperloop Transportation Technologies Inc. (HTT, HyperloopTT) has signed an official Public Private Partnership with Northeast Ohio Areawide Coordinating Agency (NOACA) for America’s first multi-state Hyperloop in the Great Lakes megaregion. In addition, NOACA has already signed an official agreement with the Illinois Department of Transportation supporting a route from Cleveland and Chicago.
NOACA is a federally designated metropolitan planning organization that covers an area of 2.1M people with a GDP of $125B. The partnership affirms that NOACA and HTT will conduct a joint feasibility study, with each assuming 50% of the $1.3 million cost. NOACA’s contribution will be in the form of staff services and funding for outside consultants, while HTT’s contribution will be in the form of proven services and expertise, as the only company in the world to have completed a hyperloop feasibility study to date. NOACA's portion of the feasibility study was made possible through grants from partners, including the Ohio Department of Transportation, the Ohio Turnpike and Infrastructure Commission, The Cleveland Foundation, the Richard King Mellon Foundation and NOACA.
Great Lakes Hyperloop Consortium
A growing initiative comprised of 20 regional stakeholders, including leaders in industry, academia, national labs and government entities, has formed to support the project and facilitate bringing it to fruition.
In January, a bipartisan group of Congressional representatives from the region including Illinois, Ohio, Pennsylvania and Wisconsin sent a formal letter to President Donald Trump requesting infrastructure funding support to further develop the system.
Through the use of unique patented technology and an advanced business model of lean collaboration, open innovation and integrated
partnership, HyperloopTT is a global team comprised of more than 800 engineers, creatives and technologists working across 6 continents, with 40 corporate and university partners. Since incorporating in 2013, HTT has established offices in 5 cities around the world, yielded 27 patents, secured 8 government agreements, been studied by Harvard and has engineered a system deemed “feasible and insurable."