Remember that ambitious elevated bus project in China? Called the Transit Elevated Bus (TEB), the idea was to have a traffic-straddling bus/train cruise over the top of cars and help alleviate traffic woes in the city of Qinhuangdao.

The project has now faced a gigantic setback in that it has been officially scrapped, according to the Hong Kong Economic Journal. In its report, authorities have ordered the dismantling of the TEB’s 300-meter long test track, which residents in the area claimed was causing more traffic problems.

As a recap, the TEB measures 22 meters in length, 7.8 meters in width, 4.8 meters tall and can clear vehicles measuring 2.1 meters in height. Capable of carrying up to 300 passengers, the bus/train is powered electricity and solar energy, and can travel at speeds of up to 60 km/h.

The project has attracted plenty of controversy, with many claiming it to be a scam to obtain funds from investors. The project was funded by peer-to-peer (P2P) lending, where an online company matches potential investors with borrowers, promising a high interest return. P2P platforms operate in an unregulated grey area in China, with fraud being rampant in the sector.

Still not convinced about China's futuristic "straddling bus" that floats above the traffic? Check out this video.

>> http://shst.me/dk4

Posted by Shanghaiist on Friday, 27 May 2016