Las Vegas Backs Elon Musk’s $49 Million Underground Transit System

  • Las Vegas Backs Elon Musk’s $49 Million Underground Transit System

Las Vegas Backs Elon Musk’s $49 Million Underground Transit System

A company backed by tech billionaire Elon Musk has been granted a almost $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center.

Announcing the deal on Twitter, Elon Musk said The Boring Company plans to start construction on the Loop by July and is aiming to have it completed by "end of year". The total cost of the projected is expected to be $52.5 million. "The loop will be designed for ridership of at least 4,400 passengers per hour and is scalable depending on Las Vegas Convention Center attendance".

Elon Musk's Boring Company is heading to Vegas.

According to the project's documentation, Boring Company will receive the bulk of payments after it has already built the tunnels and infrastructure, and commenced vehicles testing.

The Boring Company is all about high-speed underground tubes.

The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recommended that the contract be awarded to the Boring Company back in March, and it voted to approve it on Wednesday. Musk wants to build a tunnel from the western neighborhoods to Dodger Stadium in Los Angeles, and a 35-mile line of twin tunnels from Washington, DC, to Baltimore.

Musk also revealed some additional details about the Loop.

The Boring Company and LVCVA didn't immediately respond to requests for comment.