Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Elon Musk’s Boring Company wins Chicago-O’hare high-speed transit project

Wednesday, June 13, 2018 22:20
% of readers think this story is Fact. Add your two cents.

Three months after The Boring Company was selected as a finalist to bid on Chicago’s high-speed transit tunnel, the office of Mayor Rahm Emanuel confirmed on Wednesday that Elon Musk’s Coring Co. has been chosen to build the express train that will connect O’Hare International Airport with downtown Chicago.

The California-based tunneling startup beat out a field of competitors, including finalist O’Hare Xpress LLC — a consortium that includes participants from Meridiam, Antarctica Capital, JLC Infrastructure, First Transit, and UK-based Mott MacDonald, the design engineer for a terminal in London’s Heathrow airport.

Musk and the Mayor of Chicago are expected to formally announce the proposal on Thursday, according to the Chicago Tribune.

Project specifics for the high-speed transit system have yet to be released. However, a description for the project, originally outlined in the initial Request for Qualification by the Chicago Infrastructure Trust, calls for a system that will “improve transportation between O’Hare International Airport and downtown Chicago by providing faster, more direct, and more reliable service.

The Boring Company’s transit system, likely in the form of underground high-speed tunnels, will come as a relief to the travelers who currently spend 40 minutes or more and pay as much as $60 for travel by taxi from the Loop, Chicago’s downtown central business district, and O’Hare International Airport. Passengers will be able to travel at high speed between the two destinations in as little as 12 minutes and at a cost of $20 to $25 per trip.

ALSO SEE: Elon Musk reiterates plan to use Boring Co. bricks for affordable housing

In addition to providing a much-needed express transit system to O’Hare, Boring Company will not receive taxpayer support to fund the project as part of the proposal. The lack of financial support from the city makes the multi-billion dollar project more ambitious than it already is. “We set forth a pretty ambitious proposal for fast service from downtown to O’Hare at no public cost,” said Deputy Mayor Bob Rivkin, adding, “One is proposing a more traditional rapid rail service. The other is proposing a tunnel service. Cost components will be different. But the city won’t be on the hook for any of it,”

The transit system will be part of an $8.5 billion overhaul of O’Hare airport, however, The Boring Company estimates project costs to come in below $1 billion.

Still, a lot remains to be seen from Elon Musk’s tunneling venture, which to date has only embarked on smaller scale test projects in Los Angeles and more recently approved by the State of Maryland to construct a 10-mile D.C. to Baltimore test tunnel.

The post Elon Musk’s Boring Company wins Chicago-O’hare high-speed transit project appeared first on TESLARATI.com.



Source: https://www.teslarati.com/elon-musk-boring-company-wins-chicago-ohare-high-speed-transit/

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse

Comments

Your Comments
Question Razz Sad Evil Exclaim Smile Redface Biggrin Surprised Eek Confused Cool LOL Mad Twisted Rolleyes Wink Idea Arrow Neutral Cry Mr. Green

Top Stories
Recent Stories
 

Featured

Loading...

Top Global

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.