Wins Chicago Airport High-Speed Train Bid

  • Wins Chicago Airport High-Speed Train Bid

Wins Chicago Airport High-Speed Train Bid

"We have a person in Elon Musk who started an electric auto company from nothing, and started a space company from nothing, and he has proven that he doesn't like to fail", Emanuel said.

The Boring Company and the city of Chicago will begin negotiations to develop the company's Loop transit system, which could transport passengers between downtown Chicago and O'Hare International Airport in an estimated 12 minutes. Instead of standard 28 feet one-lane tunnels, Boring says by reducing the diameter to 14 feet it can reduce tunneling costs by three to four times. 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.

They plan to utilize the "unfinished underground transit station at Block 37 and create a new station at O'Hare". That compares to the roughly 40 minutes it now takes to make it from O'Hare to the city via the Chicago Transportation Authority's Blue Line train.

Prices for the express service have not been set, but The Boring Company's proposal said that they'll be more expensive than the Blue Line, but cheaper than a vehicle service.

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.

The Chicago Tribune reported that Musk and Chicago Mayor Rahm Emanuel were due to make the official announcement on Thursday.

Musk detailed The Boring Company's Loop, a mass transit system that will carry 16 people and travel at 150 miles per hour through a tunnel. According to the Chicago Sun Times, The Boring Company says it can install the whole thing, including the new airport station and Block 37 renovation, for under $1 billion.

The project is unusual in that no government funding is involved, forcing the victor to finance the entire construction cost itself.

Boring said the fare will be less than half that of a taxi or ride share but more than the fare on the current train system.

Rush hour gridlock in downtown Chicago could be set to ease thanks to an underground express transportation system that will ferry passengers to the city's O'Hare Airport.

Two Los Angeles neighborhood groups have launched a legal challenge to Boring's bid to win fast-track city approval of a 2.7-mile-long tunnel beneath a busy stretch of the city's West Side.

If all goes well in the contract-negotiation process, The Boring Company's selection by the city of Chicago is the most significant stepping stone for the company to date.