Elon Musk's Boring Company Wins Bid to Build Transit System for Chicago
Elon Musk's Boring Company Wins Bid to Build Transit System for Chicago
Elon Musk's Boring Co. has proposed transit projects in Chicago Los Angeles and Washington D.C
15 June, 2018, 11:02
The Emanuel administration has selected billionaire Elon Musk'sThe Boring Company to design and build a high-speed underground transit system linking O'Hare International Airport to downtown.
"We're really excited to work with the Mayor and the City to bring this new high-speed public transportation system to Chicago!" the Boring Companytweeted late Wednesday after reports emerged that it had been chosen. At a news conference with Mayor Rahm Emanuel on Thursday, Musk said the Loop "will ultimately transition to the Hyperloop system".
Musk, the founder of Space X and Tesla Inc., has high credibility in the tech world for delivering on ideas that have stymied others.
Call it a big win for Elon Musk. Musk founded the company in the hope of alleviating city gridlock by building more tunnels, an endeavor that has set the company's engineers toward improving tunneling techniques.
Musk Boring Co. aims to whisk airline passengers between Michigan Avenue and O'Hare Airport in 20 minutes. The existing above-ground Blue Line trains charge riders about $5 for a 40-45 minute ride. Details have yet to be finalized, but it looks like the project will cost around $1 billion and the Boring Company will pay most of the construction fees in exchange for keeping revenue from ticket sales, advertising, and in-vehicle purchases.
The proposed route would run from the airport to central Chicago's Block 37 - a large venture in the Loop community that is also the site of a stalled super-station that was meant to use express trains to connect to the airport. "I think figuring out - when time is money - how to shrink the distance between the economic and job engines of O'Hare and downtown positions Chicago as the global leader and global city in the United States".
The new system is expected to cost less than $1 billion, the Chicago Tribune reported.
In Los Angeles, the company had been making a little more headway, receiving permission from the city to build a 2.7-mile proof-of-concept tunnel and station parallel to the 405 freeway. Given his track record, we are taking his reputation, and saying, 'This is a guy in two other transportation modes who has not failed.
Rivkin said the estimated fare will be $20 to $25 per ride, which is significantly less than a taxi ride to or from the airport. Video renderings of the system show autonomous vehicles that can pick up passengers at street level and then move them along concrete tubes to their destination. They are created to carry between eight and 16 passengers, or a single passenger vehicle, according to the company.
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