Published: Thu, June 14, 2018
Economy | By

Elon Musk’s Boring Company will build high-speed Chicago train

Elon Musk’s Boring Company will build high-speed Chicago train

Last year, it started a bidding process for a transit system and in March, we reported that The Boring Company was among two finalists in the bidding process.

A new proposal for a high-speed rail line from downtown Chicago to O'Hare International Airport could radically change how people get to and from the city.

Musk's company was selected out of four other bidders.

Adam Collins, a spokesman for Mayor Rahm Emanuel, confirmed in a tweet the selection of The Boring Company Wednesday night. It is unknown when the project will go online, but the concept has made some headway in major USA cities.

The Boring Company's submission reduced travel time to about "12 minutes" by utilizing electric vehicles traveling at over 100 miles per hour in new twin underground tunnels that they plan to dig. Emmanuel's goal is to transport travelers from the airport to Chicago's center in 20 minutes or fewer, and at roughly a third of the cost of an expensive taxi or ride-sharing app.

The Boring Company has released details about its proposed system already-it calls the system a "Loop" as in a modified version of the "Hyperloop" idea.

Though it may sound similar in design to a subway system, the Boring company is quick to point out that the electric skates will move faster than subway cars and they'll be completely autonomous. 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.

The Boring Company says it will shoulder the financial burden of the project, which will be "100% privately funded". No information has been released about estimated construction costs or when construction might begin.

The Chicago Express Loop will initially feature skates outfitted as 16-passenger shuttles that will complete the 18-mile run between the airport and a new station to be built near the city's Millennium Park in 12 minutes, compared to approximately 45 minutes for the Blue Line surface train that services the route today. It also requested that fares be less than the current rate for ride-shares and taxis on the same journey. 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 SpaceX, Tesla and Boring Company CEO is set to talk tunnels Thursday in Los Angeles.

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