The Boring Company, another one of Elon Musk’s many ventures, has been selected by Chicago to construct a high-speed link for a route which will be dubbed The Chicago Express Loop. The route will run between Terminals 1-3 of the city’s O’Hare airport and connect it with Block 37 in downtown Chicago. The express route is part of an $8.5 billion redevelopment plan for the airport which also happens to be one of the busiest in the nation. Reports suggest that the journey between the city and the airport will take around 12 minutes with fares expected to come in between $20 and $25.
Several companies had submitted their bids for the project which was eventually awarded to The Boring Company. It will now enter into formal negotiations with Chicago and once a deal has been reached, the city council will vote on the agreement. Construction on the route can’t begin until it has been put to a vote.
The idea is to have a loop in which passengers ride on electric skates which are capable of traveling at speeds of up to 150 miles per hour. Each capsule will be able to hold between 8 and 16 passengers with the service running every 30 seconds while it’s in operation for 20 hours a day.
The Boring Company has said that it’s going to finance the entire project on its own, it’s expected to cost less than $1 billion.
Chicago has selected Elon Musk’s Boring Company to build high-speed transit tunnels between the Loop and O’Hare.
— Chicago Tribune (@chicagotribune) June 14, 2018