Chicago has picked Elon Musk’s Boring Company to build a futuristic transportation link to the city’s airport.
“We’re actually excited to work with the Mayor as well as the City to bring which fresh high-speed public transportation system to Chicago!” the Boring Company tweeted late Wednesday after reports emerged which 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. 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” which serve the airport.
Related: Elon Musk’s LA tunnel will be almost finished — as well as he’s offering free rides
There was no immediate statement by the City of Chicago. however the Chicago Tribune cited comments by 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 — as well as 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.
which’s unclear how long which will take for Musk’s system to be built or how much which would likely cost. Experts have raised concerns over the financial viability of Loop transportation systems, as well as potential environmental as well as legal challenges.
The Boring Company says which will shoulder the financial burden of the project, which will be “100% privately funded.” The city will be asking which to “design, build, finance, operate as well as maintain” the system.
Musk’s plan beat out competition by another bidder, O’Hare Xpress LLC, a consortium of investors as well as engineering as well as transit companies.
Related: Can Elon Musk make subway tunnels cool again?
The Boring Company will be already working on a Loop transportation system in Los Angeles.
Musk announced last month which which had nearly finished building its first stretch of tunnel there. He said the public will be offered free rides on the Loop service inside 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 as well as 16 passengers, or 1 passenger vehicle, according to the company.
which says the skates “will be mechanically confined to a concrete track within the tunnel as well as operate under safety approvals issued by both federal as well as state agencies.”
sy88pgw (Hong Kong) First published June 14, 2018: 5:00 AM ET