Musk’s Boring Company wins bid to build high-speed system in Chicago

Lloyd Doyle
June 14, 2018

Chicago has selected Elon Musk's Boring company to build its high-speed underground commuter system, according to The Chicago Tribune. The plan comes in response to Chicago Mayor Rahm Emanuel's request a year ago for proposals to build and operate a high-speed rail line that will whisk passengers from the airport to downtown in 20 minutes or less.

In an interview with the Chicago Sun-Times, Emanuel noted Musk's experience as the CEO of Tesla and SpaceX and said he was willing to bet on Musk's "track record in this next step with no money and all upside".

Mr. Musk, chief executive officer of Tesla Inc., created.

As specified by the city, The Boring Company will be the one operating and therefore be taking revenue from the service once in operation.

Musk's plan beat out competition from another bidder, O'Hare Xpress LLC, a consortium of investors and engineering and transit companies.

"Elon Musk is looking for a place to prove his technology works, and Chicago is rolling out the red carpet for him", said Joe Schwieterman, director of the Chaddick Institute for Metropolitan Development at DePaul University in Chicago. It will link downtown Chicago with O'Hare International Airport. Experts have raised concerns over the financial viability of Loop transportation systems, as well as potential environmental and legal challenges.

The planned system, known as the Chicago Express Loop, will carry passengers in battery-powered vehicles through tunnels at speeds of up to 150 miles per hour. "Electric pods for sure", he wrote.

Boring has promised that the project will be "100 percent privately funded".

One of the city's main stipulations was that the service cost less to use than comparable taxi and ride-share services, and presumably The Boring Company has said it can agree to those conditions.

In its press release, the city said that approximately 20,000 people travel between O'Hare and Chicago's Loop every day, and that number is expected to rise to 35,000 per day by 2045. Boring gets exclusive rights to negotiate with the city for the next 12 months. Thus far, the company has received a permit to dig up a parking lot in Washington, DC, and it has received permission from the state of Maryland to build a 10-mile tunnel "beneath a state-owned portion of the Baltimore-Washington Parkway".

Other reports by Iphone Fresh

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