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The Boring Company

The Boring Company7 posts

The Boring Company is an American infrastructure and tunnel construction services company founded by Elon Musk. Its ongoing and proposed projects are designed for intra-city transit systems. TBC completed two tunnels in Las Vegas for loop travel. It completed one tunnel for testing in Los Angeles County.

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27 Sep, 2022

The Boring Company offers extra $15M for San Antonio Loop

Alamo Regional Mobility AuthorityElon MuskFundraising0 Comments

The Alamo Regional Mobility Authority says Elon Musk’s The Boring Company has offered an additional $15 million to finance the San Antonio Loop, increasing its initial offer of $27 million to $45 million to support the first phase of the project.  Alamo RMA:

That’s a lot of money that’s not coming from taxpayers to improve community transportation. I don’t see anybody else coming and giving us $50 million that’s not funding by taxpayers in some way, shape or form..

The 7.6 mile tunnel is expected to generate a net revenue of $25 million per year from 112,000 commuters daily, with fares between $10 to $13 per passenger.