Tesla and SpaceX CEO Elon Musk offers to dig a 3.2-km tunnel under Miami for just $30 million
Feb 6, 2021, 10:14 IST
San Francisco, Tesla and SpaceX CEO Elon Musk has told Mayor of Miami city in the US that his Boring Company could dig a 3.2 km tunnel for just $30 million -- a fraction of the $1 billion cost quoted by local transit officials.
Musk told Mayor Francis Suarez that he could finish the job in six months which could otherwise take four years, reports The Verge.
Mayor Suarez shared the details in a video posted to Twitter.
"Musk is focused on trying to deliver a project that will have the maximum utility for our residents for the least amount of money. The order of magnitude in terms of savings is significant," he said in the video on Friday.
Digging under Miami is complex as it is built on limestone which is spongey.
This problem "also helped drive up the price of a tunnel under the Port of Miami, which was less than a mile but still cost around $700 million".
Musk first tweeted about wanting to tunnel under Miami on January 18.
"Cars & trucks stuck in traffic generate megatons of toxic gases & particulate, but @boringcompany road tunnels under Miami would solve traffic & be an example to the world," he posted.
"If Governor & Mayor want this done, we will do it."
The Boring Company is nearing completion of its first commercial service underneath the Las Vegas Convention Center.
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Musk told Mayor Francis Suarez that he could finish the job in six months which could otherwise take four years, reports The Verge.
Mayor Suarez shared the details in a video posted to Twitter.
"Musk is focused on trying to deliver a project that will have the maximum utility for our residents for the least amount of money. The order of magnitude in terms of savings is significant," he said in the video on Friday.
Digging under Miami is complex as it is built on limestone which is spongey.
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Musk first tweeted about wanting to tunnel under Miami on January 18.
"Cars & trucks stuck in traffic generate megatons of toxic gases & particulate, but @boringcompany road tunnels under Miami would solve traffic & be an example to the world," he posted.
"If Governor & Mayor want this done, we will do it."
The Boring Company is nearing completion of its first commercial service underneath the Las Vegas Convention Center.
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The company is also in talks for a tunnel in San Bernardino County, California.SEE ALSO:
Here's why you aren't being able to apply for Brookfield REIT IPO through Zerodha, Groww and other stockbroking apps
Indigo Paints joins the league of Burger King and Bector's — frenzied IPOs that fizzled out
The India stack that Bill Gates and Sundar Pichai so love is set to get much bigger – thanks to the Indian government’s new blockchain strategy