Hyperloop CEO Says Musk's Presence on Trump Team Will Boost Infrastructure
- U.S. president pledged ‘big’ infrastructure spending program
- Musk, Goldman’s Cohn ‘positive’ for budget: Hyperloop’s Lloyd
This article is for subscribers only.
The presence of business leaders like billionaire Elon Musk and former Goldman Sachs Group Inc. executive Gary Cohn on U.S. President Donald Trump’s economic advisory board will help the new administration better tackle challenges posed by the country’s aging road and railway networks, Hyperloop Technologies Inc. Chief Executive Officer Rob Lloyd said.
The company, known as Hyperloop One, is working on a technology based on Musk’s idea that would use small vehicles propelled by magnetic levitation through low-pressure tubes to transport people and goods at airplane-like speeds. Tax reforms under Trump are likely to include incentives for capital deployed for transportation-network projects, Lloyd said Tuesday in an interview in New Delhi.