It looks like Elon Musk’s tunneling startup The Boring Company is looking to secure its next big project. According to a recent report, The Boring Company submitted a proposal to build the North Miami Beach Loop, a 6.2-mile transportation tunnel system in Miami, Florida. The proposed system would include seven stations along State Road 826 between the Golden Glades Transit Center and Sunny Isles Beach.
The project was originally reported by Initiated, who got to see the tunneling startup’s proposal. The Boring Company appears to be aiming for a larger-scale loop system this time around, with the startup noting that the proposed tunnels should be able to carry more than 7,500 passengers per hour. Once scaled, the North Miami Beach Loop could be scaled to accommodate over 15,000 commuters per hour.
Similar to The Boring Company’s other projects like the Las Vegas Convention Center Loop, the cost of the Miami tunnels is quite attractive. The tunnel startup estimated that the proposed project would cost between $185 million and $220 million. The Boring Company also expects construction of the 6.2-mile system to take less than three years if the project permitting process is not bogged down by red tape.
The North Miami Beach Loop is open for expansion, as is the Vegas Loop, which is currently under construction. Among these potential extensions is a 3-mile connection to Hard Rock Stadium, as well as a 1.8-mile connection to the Florida International University campus in Biscayne.
The cost of the system and its potential to help ease traffic congestion in the area are among the reasons Miami Beach is considering the Boring Company’s proposal. North Miami Beach Commissioner Michael Joseph noted in a statement to the publication that commuters and visitors to the area would likely benefit from the North Miami Beach Loop because it connects downtown to the beach.
“We have a lot of traffic jams, and that would be a way to alleviate a lot of that traffic,” he said, adding that the Boring Company’s estimated cost per mile of the North Miami Beach Loop would be a “fraction of what is seen in other types of proposed transit projects in South Florida, when construction would not be as disruptive to the local economy.
For now, the Miami Beach commissioner noted that efforts are underway to secure funding for the proposed project. The city is currently seeking funding from regional, state and federal governments. Considering the relatively low cost of the North Miami Beach Loop, however, there seems a good chance the project will garner noticeable interest. After all, traditional solutions that span 6.2 miles typically cost significantly more than The Boring Company’s $185-220 million estimate.
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