20 February 2018
Elon Musk’s Boring Company is in the race for building a high-speed tunnel in to connect the City of Chicago with O’Hare Airport.
Chicago’s Mayor Rahm Emanuel announced earlier this week that Musk—and his Boring Company will bid with other contenders to build the project. Emanuel’s office said that the high-speed transit system will ferry travelers within 20 minutes or less from the city center to O’Hare airport. The transit will carry passengers every 15 minutes to the airport.
"Although cost estimates for the project are not yet known, the RFQ (Request for Qualifications) stipulates that the O'Hare Express Service will be funded solely by project-specific revenues (like fares or advertising) and financed entirely by the concessionaire," Mayor Emanuel's office said in a statement. "There will be no taxpayer funding for the project."
The Boring Company will compete to fund, build & operate a high-speed Loop connecting Chicago O’Hare Airport to downtown https://t.co/bRqKpzSJjz— Elon Musk (@elonmusk) November 30, 2017
Musk which has been working on hyperloop tunnels stated that the high transit system will provide an alternative means of transportation and help alleviate traffic congestion in Chicago. The transit system which is being called a ‘High-speed loop’ will use electromagnetic pulses to shotgun passengers through low-pressure tubes at near-supersonic speeds. The company will also have to figure out to how to raise funds for the project.
Musk tweeted, "A Loop is like a Hyperloop, but without drawing a vacuum inside the tube." "Don't need to get rid of air friction for short routes," Musk added. Passengers will travel in "electric pods for sure. Rails maybe, maybe not," Musk said in another reply.