The Boring Company wins contract to build Las Vegas tunnel

Elon Musk's Boring Company has been selected to build an underground "people mover" tunnel for the Las Vegas Convention Center (LVCC). 

The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recommended that the contract be awarded to the Boring Company back in March, and it voted to approve it on Wednesday. 

The total value of the contract is $48,675,000. 

The tunnel, called the LVCC Loop, will allow people to quickly move between the LVCC's New Exhibit Hall, North Hall, Central Hall and South Hall. The Boring Company claims the benefits of such a means of transportation include no surface noise and vibration as well as comfortable and convenient way for passengers to move around, without being affected by weather. The company plans to move people in autonomous electric vehicles, though the exact nature of those vehicles hasn't been described yet.  Read more...