Elon Musk competing to build downtown Chicago express ‘transit loop’

Dive Brief:

• Elon Musk has announced that his Boring Company business will compete to finance and build an express transit system from downtown Chicago to O’Hare International Airport, according to Reuters.

• According to the city’s Request for Qualifications, the winning bidder, also the concessionaire, must provide a minimum of two stations and a maintenance facility; travel time of no more than 20 minutes between downtown and the airport; a downtown terminal accessible to other transit systems and activity centers; and funding for all project costs, operation and maintenance. The concessionaire will also collect and keep fares.

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