Government Applying Safety Brakes to Hyperloop Momentum

An 18-month, $1.3 million feasibility study released Monday says that a hyperloop route linking Cleveland to Chicago and Pittsburgh could start construction as soon as 2023 and be finished by 2028.

But whether that happens any time soon depends on whether the federal government agrees to spend $10 million on developing safety regulations and paying for an environmental-impact study.

The U.S. House of Representatives in June approved $5 million in spending by the U.S. Department of Transportation to develop safety and environmental standards for hyperloop routes, but the Senate, whose approval is necessary, has yet to approve the bill.