Chicago has picked Elon Musk’s Boring Company to build a futuristic transportation link to the city’s airport.
“We’re truly excited to work with the Mayor in addition to also the City to bring This particular brand new high-speed public transportation system to Chicago!” the Boring Company tweeted late Wednesday after reports emerged in which in which had been chosen.
The planned system, known as the Chicago Express Loop, will carry passengers in battery-powered vehicles through tunnels at speeds of up to 150 miles per hour. in which will link downtown Chicago with O’Hare International Airport.
According to the Boring Company’s website, its service will cut the journey time to 12 minutes, which would likely be “three to four times faster than existing transportation systems” in which serve the airport.
Related: Elon Musk’s LA tunnel is usually almost finished — in addition to also he’s offering free rides
There was no immediate statement via the City of Chicago. nevertheless the Chicago Tribune cited comments via Mayor Rahm Emanuel about the decision to go with Musk’s bid.
“We’re taking a bet on a guy who doesn’t like to fail — in addition to also his resources. There are a bunch of Teslas on the road. He put SpaceX together. He’s proven something,” Emanuel said, according to the newspaper.
in which’s unclear how long in which will take for Musk’s system to be built or how much in which would likely cost. Experts have raised concerns over the financial viability of Loop transportation systems, as well as potential environmental in addition to also legal challenges.
The Boring Company says in which will shoulder the financial burden of the project, which will be “100% privately funded.” The city is usually asking in which to “design, build, finance, operate in addition to also maintain” the system.
Musk’s plan beat out competition via another bidder, O’Hare Xpress LLC, a consortium of investors in addition to also engineering in addition to also transit companies.
Related: Can Elon Musk make subway tunnels cool again?
The Boring Company is usually already working on a Loop transportation system in Los Angeles.
Musk announced last month in which in which had nearly finished building its first stretch of tunnel there. He said the public will be offered free rides on the Loop service from the coming months, if the company receives regulatory approval.
The planned Chicago system will feature what the company calls “electric skates,” which are vehicles based on Tesla’s style X SUV. They are designed to carry between eight in addition to also 16 passengers, or 1 passenger vehicle, according to the company.
in which says the skates “will be mechanically confined to a concrete track within the tunnel in addition to also operate under safety approvals issued by both federal in addition to also state agencies.”
sy88pgw (Hong Kong) First published June 14, 2018: 5:00 AM ET