To build high-speed commuter system in Chicago

To build high-speed commuter system in Chicago

To build high-speed commuter system in Chicago

While many details of the Chicago project are not yet available, the plan resembles one that Musk has put forth for Los Angeles, where an 11-mile tunnel could shoot passengers between the city's downtown and the Los Angeles International Airport in around eight minutes.

The Boring Company, founded by Tesla CEO Elon Musk, has been selected to build a high-speed underground transportation system that it says will whisk passengers from downtown Chicago to O'Hare International Airport in mere minutes.

The Chicago Infrastructure Trust, acting on behalf of the City of Chicago, chose the Boring Company's proposal for the Chicago Express Loop service from downtown Chicago to Terminals 1 - 3 at the city's O'Hare Airport - where almost 80 million passengers boarded or disembarked at the IL airport in 2017.

Elon Musk's Boring Company won a bid that could bring autonomous, high-speed public transit to Chicago.

At a news conference with Emanuel, Musk said the Loop "will ultimately transition to the Hyperloop system".

Drilling for the project, pending regulatory and environmental approvals, could begin in as soon as three to four months, said Musk, who also founded and heads luxury electric auto maker Tesla Inc and rocket maker SpaceX.

Musk unveiled a plan last month in Los Angeles to build tunnels beneath the city for a high-speed network of "personalized mass transit", promising to build it without disturbance or noise at the surface. Boring gets exclusive rights to negotiate with the city for the next 12 months.

The Boring Company has been focused on developing their boring tunnel technology. The existing above-ground Blue Line trains charge riders about $5 for a 40-45 minute ride. The company has been digging under a SpaceX parking lot, while its application to dig a tunnel beneath Los Angeles and Culver City is caught up regulatory obstacles and legal challenges.

The proposed cost - which hasn't be confirmed by the mayor's office or by The Boring Company - is orders of magnitude cheaper than the cost usually associated with tunneling projects, setting aside the infrastructure needed inside to run Musk's "Express Loop" trains. Given his track record, we are taking his reputation, and saying, 'This is a guy in two other transportation modes who has not failed. The project is expected to cost less than $1 billion.

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. The Boring Company released Wednesday renderings of what the underground system and rail cars would look like. The website says a skate could also hold "a single passenger vehicle".

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