Musk’s Boring Company proposes to build transit tunnel in Florida

SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany on May 17, 2021. REUTERS / Michele Tantussi / File Photo

BERKELEY, Calif., July 7 (Reuters) – Elon Musk’s tunneling company, Boring Company, has submitted a bid to build an underground transportation system between downtown and the beach in Fort Lauderdale, Fla. , said the mayor of the city.

“This could be a really innovative way to reduce traffic congestion,” Fort Lauderdale Mayor Dean J. Trantalis tweeted Tuesday, adding that other companies have 45 days to submit competing proposals.

Terms of the offer were not disclosed and Boring Company made no immediate comment. The company retweeted the mayor’s tweet.

In June, Boring Company opened its first commercial tunnel project in Las Vegas to transport visitors through the city’s convention center using human-powered Tesla vehicles.

Boring Company said the 1.7-mile (2.7-kilometer) tunnel reduced “a 45-minute walk between campus to about 2 minutes” at the facility.

Musk, who runs electric car maker Tesla Inc (TSLA.O) and rocket company SpaceX, launched the Boring Company after complaining on Twitter in December 2016 that LA traffic was “driving me crazy,” promising to “build a boring machine and just start digging.”

In February, Miami Mayor Francis Suarez said Musk told him that a local tunnel project, previously valued at $ 1 billion, could be completed for nearly $ 30 million in six months.

Reporting by Hyunjoo Jin; Editing by Cynthia Osterman

Our standards: Thomson Reuters Trust Principles.

Previous LI "a blank check company" to make public the manufacturer of vehicle chargers Wallbox
Next Seven Mena startups selected for the 2021 Y Combinator summer cohort

No Comment

Leave a reply

Your email address will not be published.