Arrivo, a US-based transportation company, has partnered with the Colorado Department of Transportation (CDOT) and E-470 Public Highway Authority to develop Denver’s first-ever high-speed Super Urban Network.

The new network will be based on a hyperloop transportation concept, which will minimise the congestion by restricting the speed of vehicles up to 200mph. It will also reduce the travel to all destinations in Denver to just 20 minutes.

The network will include a new layer for transportation, which will link the existing roadways, city metros and automobiles.

As part of the collaboration, Arrivo and CDOT will conduct a feasibility study for the construction of the project between Denver International Airport and Aurora Commerce Centre in the first phase.

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The Sky Guys, a Canadian drone technology and unmanned solutions provider, has entered a partnership agreement with NVIDIA, IBM and the University of Toronto (U of T) to develop an artificial intelligence (AI)-enabled drone to monitor highways.

“Volvo Cars has signed a loan agreement with the European Investment Bank (EIB) to receive €245m ($288m) loan to enhance road safety.”

The new group will collaborate and work with the Ministry of Transportation of Ontario (MTO) for developing Long-Range AI-Enabled Unmanned Aerial System for Highway Traffic Enforcement with Future Road Applications.

The group of companies have received C$750,000 ($588,975) from Ontario Centres of Excellence (OCE) for the development of the application under Small Business Innovation Challenge (SBIC).

The application is expected to be developed in two years.

Volvo Cars has signed a loan agreement with the European Investment Bank (EIB) to receive €245m ($288m) loan to enhance road safety.

The EIB loan will be spent on the research and development of four projects including connectivity, efficient petrol hybrid engines, longer-range electric cars, and advanced driving assistance systems.

The transaction was conducted through the European Fund for Strategic Investments (EFSI).