Las Vegas approves a $48.6 million contract with Elon Musk’s Boring Company

The Las Vegas Convention and Visitors Authority held a vote today, where it approved a $ 48.6 million contract with Boring Company, the Elon Musk tunnel company. The underground "movement of people" of The Boring Company, the LVCC Loop, will consist of two tunnels for vehicles and three stations, as well as a pedestrian tunnel.

The project is expected to be complete in time to be used in Consumer Electronics. Show in January 2021, LVCVA told me in March. Then, Musk got on Twitter and suggested that the project could be running by the end of the year . The public contract suggests that the tests will begin in November 2020. Regardless of the end date, two thirds of the contract money will not be paid until the project is complete.

Of the various projects that the company has assumed, the Las Vegas tunnel seems to be the first to finish. An offer of $ 1 billion for a Chicago tunnel to the O & # 39; Hare airport achieved a momentum of speed when Chicago chose a new mayor, Lori Lightfoot, who does not seem very enthusiastic about the project. Public meetings have also been held on a proposed "Dugout Loop" in Los Angeles, a two-mile tunnel to Dodger Stadium last year. There is also a proposed tunnel from Washington D.C. to Baltimore, which is in the process of environmental evaluation.

So far, The Boring Company has completed a 1.14-mile tunnel in Hawthorne, California. Musk said at the time that the tunnel cost $ 10 million and took a year and a half to complete. It is not yet clear what type of vehicle will be used in the Las Vegas tunnel, although LVCVA president Steve Hill said in March that the X, 3 or modified electric vehicles with a 16-person streetcar body are under consideration. .

Correction: An earlier version of this post erroneously stated the amount of money that the contract was worth in the holder. It's $ 48.6 million, not $ 48.6 billion.

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