Las Vegas approves $ 48.6 million deal with Elon Musk's Boring Company



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The Las Vegas Convention and Visitors Authority held a vote today. It has approved a $ 48.6 million contract with Boring Company, the tunneling company of Elon Musk. The Boring Company's underground "passenger carrier", the LVCC loop, will consist of two vehicle tunnels and three stations, as well as a pedestrian tunnel.

The project should be completed in time for use at the Consumer Electronics Show in January 2021, said LVCVA in March. Then Musk signed up on Twitter and suggested the project could be running by the end of the year. The public contract suggests that tests will begin in November 2020. Regardless of the completion date, two-thirds of the contract's money will not be paid until the end of the project.

Among the various projects of the company, the Las Vegas tunnel seems to be the first completed. A $ 1 billion bid for a tunnel from Chicago to O'Hare Airport collapsed when Chicago elected a new mayor, Lori Lightfoot, who does not seem very enthusiastic about the project. Public meetings were also held regarding a "canoe loop" project in Los Angeles, a three kilometer tunnel leading to the Dodger Stadium last year. There is also a tunnel project linking Washington DC to Baltimore, which is currently undergoing an environmental assessment.

Until now, The Boring Company has completed a 1.14 km tunnel in Hawthorne, California. Musk said at the time that the tunnel cost $ 10 million and that it took a year and a half to complete it. It is unclear what kind of vehicle will be used in the Las Vegas Tunnel, although LVCVA President Steve Hill said in March that X-models, 3-models or modified streetcar-type electric vehicles 16 people are all in the study. .

Correction: A previous version of this article incorrectly stated the amount that the contract was worth in the title. That's $ 48.6 million, not $ 48.6 billion.

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