Hyperloop Technologies’ futuristic high-speed transportation system is one step closer to becoming reality.
The company applied this week for nearly $9.2 million in tax incentives to create a testing facility at the Apex Industrial Park just north of Las Vegas, according to a Las Vegas Review-Journal report on Wednesday. The state is expected to grant the tax incentives when company representatives meet with the governor’s Office of Economic Development on Friday, the report said.
Get Data Sheet, Fortune’s technology newsletter.
Hyperloop will build a 20,000-square-foot facility in addition to a two-mile long test track to demonstrate that its sci-fi technology is workable, according to a report by Las Vegas business publication VEGAS INC. The plan is to eventually hurtle train-like capsules through a tube at over 680 miles per hour.
Hyperloop expects to invest $121 million in the Vegas project, the report said. The facility and test track should be built by September and it will operate seven days a week at all hours of the day, the Las Vegas Review-Journal said.
Tesla (tsla) CEO Elon Musk popularized the idea of hyperloops in 2013. Since then, researchers and a handful of companies have been trying to figure out how to actually create such a system that would create an entirely new form of transportation.
For more about hyperloops, watch:
Last fall, Hyperloop Transportation Technologies (HTT), a competitor with a similar name, said it would build a five-mile test track in central California. That company’s chief operating officer, Bibop Gabriele Gresta, said the $150 million project would take 32 months to complete.
Earlier this March, HTT said it reached an agreement with Slovakia for a possible Hyperloop system to be built in that country.