The Chicago Infrastructure Trust, acting on behalf of the City of Chicago, chose the Boring Company's proposal for the Chicago Express Loop service from downtown Chicago to Terminals 1 - 3 at the city's O'Hare Airport - where almost 80 million passengers boarded or disembarked at the IL airport in 2017. The 12-minute ride would take travelers to and from O'Hare on one-way tracks traveling at speeds up to 150 miles per hour.
As for how much it would cost Chicago travelers to ride on the system, the Boring Company says that while it's not yet finalized, the fare "will be less than half the typical price of taxi/ride-share services", but higher than the city's Blue Line train from O'Hare - which now costs $5, as a special fare.
Musk Boring Co. aims to whisk airline passengers between Michigan Avenue and O'Hare Airport in 20 minutes.
The system will transport passengers from the Loop to O'Hare International Airport - one of the world's businest.
The system would take the form of an underground tunnel system, with electric-powered pods carrying up to 16 passengers on trips that take as little as 12 minutes (compared with the 40 minutes or more required for a $5 trip on Chicago's "L" trains).
Elon Musk (L) speaks at a Boring Company community meeting in Bel Air, Los Angeles, California, U.S. May 17, 2018. The company is now seeking approval to expand to a larger tunnel in West Los Angeles. One thing is clear: This is definitely a big win for The Boring Company, and it's a chance for Musk to prove that he can help major cities cut back on their traffic and transportation problems.
Musk hasn't given up on his original vision for an ultra-high-speed transport system.
Terms of the deal are still being negotiated, but Mayor Rahm Emanuel's office said the project would use Musk's still experimental tunneling concept and so-called Hyperloop transportation technology to connect O'Hare to the long dormant Block 37 superstation started under Mayor Richard M. Daley.
"We're taking a bet on a guy who doesn't like to fail - and his resources". Of course, other projects have worked out far more expensive: London's under-construction high-speed Crossrail system is costing around $250 million per mile. The Boring Company will fund the project in its entirety.
Musk unveiled a plan last month in Los Angeles to build tunnels beneath the city for a high-speed network of "personalized mass transit", promising to build it without disturbance or noise at the surface. "Almost like an autonomous, underground, multi-level vehicle system".
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