Greetings! I am thrilled to report that PRT is tipping. Praetor Capital has researched the personal rapid transit (PRT) market and found an advanced global project pipeline of $82 bn of which they expect $14 bn to successfully close. 13 projects comprising 240 km of track are contracted or already under construction. In addition, there are 4 projects under bid in India totaling ~206 km. Together these constitute ~$3.7 bn of transportation infrastructure CAPEX and an estimated $210 million of operating profit for early-stage PRT firms. They conclude PRT is a potential $31 – 58 bn investment gain opportunity, representing shareholder returns of several thousand percent.
Praetor Capital finds the PRT markets to be so large and adding so much growth every year that they are effectively limitless for early-stage firms. Hundreds of system opportunities p.a. is more than sufficient for 10 – 12 firms globally. There is sufficient demand to support several competitors per region in a global market where the developing world is the sweet spot.
With all of those relatively large projects, my concern is that the first few be successful. If so, I believe we will see many more.
As always, enjoy reading!
Peter Muller, ATRA President