Elon Musk will start testing the track for the supersonic transport in 2016

American businessman and inventor, Chapter companies SpaceX and Tesla Motors Elon Musk will start a test track for Hyperloop supersonic transport passengers in 2016. This is with reference to the statement of the project, reports The Financial Times.

The company said that in the second round of investments, they managed to raise $80 million, thus, total amount of attracted funds amounted to $100 million Among investors is called GE Ventures, a division of General Electric and SNCF the French national railway.

“When we show a prototype, everyone will understand, we will be able to solve the problem of urban congestion — we can vacate the land to rebuild the city. This is a big deal,” said Executive Director Rob Lloyd.

Hyperloop was conceived by Musk in 2013. The project consists of a tube from which the air is pumped out, making it theoretically possible to transport people and goods at the speed of light. The total cost of the project was estimated at $6 billion.