Wins O'Hare Airport train contract

Elon Musk’s Boring Co. wins Chicago high-speed train bid

The city of Chicago has officially selected Elon Musk's Boring Company to build its transit system between the O'Hare airport and downtown.

The Chicago Transit Authority's Blue Line trains now provide transportation from the city to O'Hare.

Chicago Mayor Rahm Emmanuel specified that the winning company would have to transport passengers and their luggage between the airport and downtown in 20 minutes or less.

You could take the regular 40-minute train from one of the busiest airports in the world, or how about a 12-minute high-speed trip?

The Boring Company has estimated the cost of the project to be $1bn, which would be entirely funded by it in exchange for all revenue from the system's transit fees, advertising, branding and in-vehicle sales.

"Elon Musk is looking for a place to prove his technology works, and Chicago is rolling out the red carpet for him", said Joe Schwieterman, director of the Chaddick Institute for Metropolitan Development at DePaul University in Chicago.

Boring will now exclusively negotiate with Chicago on a final proposal including the exact route. 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".

In an interview with the Chicago Tribune, Emanuel said the city is betting on Musk's achievements with Tesla and SpaceX to get the airport link running. "We'll be putting this project online in the near future", Rivkin said.

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"We're taking a bet on a guy who doesn't like to fail - and his resources, " he told the Chicago Tribune.

The Boring Company is already working on a Loop transportation system in Los Angeles.

The skates will leave every 30 seconds and the system will operate 20 hours a day, seven days a week, the company said.

The company is also aiming for continuous tunneling and instead of carting off earth to a disposal site, it would recycle the earth to build bricks that could potentially be used inside the tunnels.

According to the Boring Company, the skates would have Wi-Fi and be large enough to hold passengers and cargo.

The billionaire entrepreneur hates LA traffic so much he's cutting his own path.

If all goes well in the contract-negotiation process, The Boring Company's selection by the city of Chicago is the most significant stepping stone for the company to date.

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.

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