Musk’s Boring Company wins bid to build high-speed system in Chicago

According to Media, on Wednesday, June 13, 2018- The City of Chicago has selected billionaire entrepreneur Elon Musk’s The Boring Company to construct a high-speed underground commuter system from the Loop to O’Hare International Airport.

This system would be comprised of 16-passenger vehicles that would travel up to 150 miles (240 km) per hour through a tunnel which will cut the current 30 to a 45-minute trip between the airport and Chicago’s business district down to 12 minutes. The Boring Co. has promised that the project will be “100 percent privately funded”.

The Tribune reported that Musk and Chicago Mayor Musk’s Boring Company wins, O’Hare International Airport are also being expected to announce the proposal on Thursday in Chicago. The deal comes about a month after Musk unveiled a plan to borrow a high-speed network of “personalized mass transit” tunnels under Los Angeles that he said could be built without disturbance or noise at the surface.

Resistance to his tunneling project marks a somewhat new type of challenge for Musk. Opponents say the exemption Boring seeks from a lengthy environmental review of the Los Angeles test tunnel violates state law forbidding such waivers for large-scope projects on a piecemeal basis.

The Chicago and Los Angeles projects come as Musk wrestles with production problems for the rollout of his highly anticipated Model 3 sedan at Tesla with some investors concerned his overlapping leadership roles at Boring and his rocket-building firm SpaceX has him spread too thin.

Chicago Mayor, Rahm Emanuel of Musk, said, “We’re taking a bet on a guy who doesn’t like to fail — and his resources. There are a bunch of Teslas on the road. He put SpaceX together. He’s proven something,”

by Sawan Kumar on June 14, 2018

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