![]() Įstablished in Belarus, operated from an office complex in Minsk and registered under business names including "Euroasian Rail Skyway Systems Holding Ltd.", "First SkyWay Invest Group Limited" and "Global Transport Investment Inc." in places like the British Virgin Islands, London and Saint Lucia. ![]() These companies function to collect funds for SkyWay projects. They also own and control other companies like "SWIG International Ltd." registered in London and "SkyWay Capital Inc." which is registered in Saint Lucia. SkyWay Group of Companies controls SkyWay Capital which was launched in 2014 to self-finance the projects. The SkyWay Group deals with construction of the technology through numerous subsidiaries. SkyWay Group consists of numerous subsidiaries. The company launched an experimental phase of the suspended transport system and demonstrated a passenger pod on a 400 m long track in October 2019. In October 2018 the SkyWay Technologies reached an agreement with the Sharjah Research Technology and Innovation Park (SRTIP) to build a test site at the facility for the project. In August 2019 at the EcoFest event, guests were given rides on SkyWay vehicles. The second track is for a 14-seater vehicle and the third is for a 6-seater vehicle. One is for a vehicle with a maximum capacity of 48 people. In August 2018 at the EcoFest event, there were three tracks demonstrating prototypes at this site. A prototype of the technology reached speeds of 102 kilometers per hour in 2017. In 2016, a Russian government panel that evaluated the technology called it innovative, but only in theory. ![]() It is situated in Marjina Horka (about 70 km from Minsk) and is called the EcoTechnoPark. In October 2015 the SkyWay Group started constructing a test site to demonstrate 'SkyWay' technology. A prototype was assessed in Russia in 2008 by the Moscow State University of Railway Engineering concluding that it was "not viable and unsafe". ![]() The allowable load on this track was tested there using a truck with iron wheels. In 2001 a prototype of a SkyWay track was constructed in the Russian village Ozyory in Moscow Oblast. History SkyWay test track built in Ozyory, Russia in 2001 which was later deconstructed The transport technology was being tested at the SkyWay EcoTechnoPark, located in Belarus, and at the SkyWay Innovation Centre, located in the United Arab Emirates. SkyWay also claimed that this technology produces minimal gas and particle emissions, which was never proven. Their claims that the rail vehicles can reach speeds of up to 500 kilometers an hour, and that costs would be 20 percent less than normal rail-based subways, were never substantiated. īut in 2017, government officials raised doubts about the company's ability to actually execute construction of the system and was warning investors about potential untruths. The technology was marketed as a new type of elevated light rail transportation system where small transport units of up to 50,000 passengers per hour. The SkyWay Group introduced investment opportunities for technology they referred to as " string transport," which they claimed driverless, elevated railcars would be "strings" traveling on prestressed tensioned steel wires placed in a concrete-filled body. In 2018, financial regulators in Germany, Lithuania, and five other countries warned that SkyWay "is not registered as a financial services provider and therefore, is not allowed to provide such services in their country," or warned the public about potential fraud the company was perpetrating. SkyWay Group is a self-proclaimed investment group based in Minsk, Belarus.
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