Elon Musk’s Boring Company secures deal for Las Vegas underground tunnel project
Billionaire entrepreneur Elon Musk’s vision for underground transportation has been given the green light in Las Vegas.
Commissioners for Clark County, Nevada, which includes the gambling and tourism mecca, have given Musk’s Boring Company unanimous approval to create Vegas Loop, an underground transportation network.
The plan as proposed will take Tesla vehicles to destinations including the Las Vegas Strip, the NFL’s Las Vegas Raiders stadium and the University of Nevada campus in Las Vegas, FOX 5 Las Vegas reported.
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A smaller-scale version of the plan is already working at the Las Vegas Convention Center and has been well received by users, according to FOX 5. A tunnel leading to the Resorts World hotel in Las Vegas is currently under construction and expected to be completed in early 2022. , says the report.
“Within a year, hopefully we’ll be under construction with parts of the main system, and then we can continue to grow from there,” Steve Hill, CEO and president of the Las Vegas, told the station. Convention and Visitors Authority. .
When complete, about 700 Tesla vehicles will be able to traverse the system simultaneously, with about 57,000 people being transported per hour, Hill said.
Use of the Vegas Loop will be based on fares, which he estimated between $5 and $20 per trip, depending on destination, Hill continued. He said most trips would likely cost more than taking public transit, but less than using a ride-sharing service.
The initial Vegas loop could then be expanded to other parts of the region, the company said, according to FOX 5.
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The benefits of the Boring Company’s plan are that travelers will be able to reach their destination without traffic lights, stop signs or other obstacles along the way, Hill told the station.
Musk’s plan does not use taxpayer dollars and will rely on local contractors and workers, Clark County officials told FOX 5.
The Boring Company previously announced plans for additional transit loops in Florida in July and Texas in August.