Elon Musk’s Boring Company will build high-speed Chicago train

Chicago Picks Musk's Boring Co. for O'Hare Express Service

Elon Musk's Boring Company is getting the go-ahead to build a multibillion-dollar express transit system between downtown Chicago and O'Hare International Airport, city officials said.

The announcement is a major step for The Boring Company, which was started in 2016 by Tesla and SpaceX CEO Elon Musk.

At a news conference with Emanuel, Musk said the Loop "will ultimately transition to the Hyperloop system".

Then it must tie this all together with a network of above and below-ground stations without running out of money-the fate that has befallen Chicago's previous high-speed transit dreams. Thus far, the company has received a permit to dig up a parking lot in Washington, DC, and it has received permission from the state of Maryland to build a 10-mile tunnel "beneath a state-owned portion of the Baltimore-Washington Parkway". U.S. cities are looking for alternatives to overcrowded highways and impossibly expensive subways. The Boring Company will have to finance the entire build itself and operate and maintain the express line after it's completed.

The Boring Company announced the new contract on its website today.

As previously reported by FOX Business, Musk envisions loop commuters will pay just $1 per trip from downtown Los Angeles to Los Angeles International Airport, which, according to the Boring Company's concept, would take just eight minutes per 11-mile ride. "He's proven something", he told The Chicago Tribune. "That's what we're doing". Unlike the Hyperloop, a vacuum-sealed tube being built out by companies such as Virgin Hyperloop One and theoretically capable of speeds up to 600 miles per hour, the Chicago project will be designed with conventional tunnels at much slower speeds.

The electric pods would depart both O'Hare and Block 37 as frequently as every 30 seconds. The company is digging a test tunnel near the Hawthorne, California headquarters of SpaceX.

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Musk's claims that his Tesla models are the safest cars on the road have come under some scrutiny, in particular the Autopilot semi-autonomous driving system.

Chicago leaders have talked for more than a decade about a high-speed route between O'Hare and downtown, but it has yet to materialize.

Some are skeptical such a project will be built.

The project is expected to cost around $1 billion, according to two people familiar with the plans.

Last year, mayor Emanuel begged innovators and technologists to submit proposals to help update the city's public transportation system. Better, but it still takes 40 minutes to make the trip.

Rivkin said the estimated fare will be $20 to $25 per ride, which is significantly less than a taxi ride to or from the airport.

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