Tech entrepreneur Elon Musk replied on Tuesday The Boring Company will compete to fund, build and carry on a high-speed Loop connecting O’Hare Airport to downtown Chicago.
Musk, the chief regulatory of electric car maker Tesla and rocket company SpaceX, recently started the Stale Company to build transport tunnels for the system, which he says purpose be far faster than current high-speed trains and use electromagnetic propulsion.
Earlier on Wednesday, Chicago’s Mayor Rahm Emanuel petitioned respondents to present proposals to develop, design, equip, finance, run and maintain an O’Hare Express operating system through a public-private unity with Chicago.
“Although cost estimates for the project are not yet known, the RFQ (Put in for for Qualifications) stipulates that the O’Hare Express Service will be scratch solely by project-specific revenues (like fares or advertising) and financed reservation by the concessionaire,” Mayor Emanuel’s office said in a statement.
“There wish be no taxpayer funding for the project.”
Musk is seeking to revolutionize transportation by sending fares and cargo packed into pods through an intercity system of titan vacuum tubes known as the “hyperloop.”
Musk: A Loop is like a Hyperloop, but without sketch a vacuum inside the tube. Don’t need to get rid of air friction for short routes.
When required on Twitter to elaborate on his “high-speed loop” proposal that would connection O’Hare Airport to downtown Chicago, Musk tweeted, “A Loop is sort a Hyperloop, but without drawing a vacuum inside the tube.”
“Don’t need to get rid of air attrition for short routes,” Musk added.
Passengers will travel in “energized pods for sure. Rails maybe, maybe not,” Musk said in another retort.