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

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

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

The Boring Company claims that their technology will be capable of transporting people from O'Hare Airport to Block 37 in downtown Chicago in just 12 minutes.

According to the Chicago Tribune, the administration of Chicago Mayor Rahm Emmanuel has chosen the Boring Co.to build a high-speed underground train line that will run between O'Hare International Airport and downtown Chicago.

This undated artist's rendering provided by The Boring Company, shows part of a proposed high-speed underground transportation system that will transport passengers from downtown Chicago to O'Hare International Airport. Emanuel said it will be funded by the company with no taxpayer subsidies, and added that in conjunction with O'Hare's planned $8.5 billion expansion, it will fuel Chicago's economic growth.

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Elon Musk's Boring Company won a bid that could bring autonomous, high-speed public transit to Chicago. That compares to the roughly 40 minutes it now takes to make it from O'Hare to the city via the Chicago Transportation Authority's Blue Line train. Loop's novel underground transportation system must adapt electric transport technology developed at Tesla to subterranean applications.

Musk's flagship electric vehicle company Tesla Inc. struggled last year to turn an annual profit for the first time in its 15 years of doing business.

The electric pods would depart both O'Hare and Block 37 as frequently as every 30 seconds.

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Musk's plan proposes a 16-passenger autonomous vehicle that can whip passengers at speeds up to 100 miles per hour through tunnels between the airport and downtown.

The project will be entirely privately financed, Musk's company said. It received permits to start digging in Washington, DC, and in Los Angeles. "If we succeed, it's gonna be a great thing for the city, if we fail, well I guess me and others will lose a bunch of money", said entrepreneur and businessman Elon Musk. "He's proven something", Emanuel said, according to the newspaper. "Given his track record, we are taking his reputation and saying, 'This is a guy in two other transportation modes who has not failed.' That's what we're doing". The existing above-ground Blue Line trains charge riders about $5 for a 40-45 minute ride. Fares would amount to $20 to $25 a ride, the Tribune reported. The website says a skate could also hold "a single passenger vehicle". Details have yet to be finalized, but it looks like the project will cost around $1 billion and the Boring Company will pay most of the construction fees in exchange for keeping revenue from ticket sales, advertising, and in-vehicle purchases.

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