Elon Musk To Compete To Fund High-Speed Loop In Chicago
Tech entrepreneur Elon Musk said on Tuesday The Boring Company will compete to fund, build and operate a high-speed Loop connecting O‘Hare Airport to downtown Chicago.
Musk, the chief executive of electric car maker Tesla Inc and rocket company SpaceX, recently started the Boring Company to build transport tunnels for the system, which he says would be far faster than current high-speed trains and use electromagnetic propulsion.
Earlier on Wednesday, Chicago's Mayor Rahm Emanuel asked respondents to present proposals to develop, design, equip, finance, operate and maintain an O'Hare Express operating system through a public-private agreement with Chicago.
“Although cost estimates for the project are not yet known, the RFQ (Request for Qualifications) stipulates that the O‘Hare Expres...