Re:Elon Musk’s Boring Co. Wins Chicago Airport High-Speed Tr...
by Someone on Thursday June 14, 2018 @05:33AM
(#17310461)
”The project is unusual in that no government funding is involved, forcing the winner to finance the entire construction cost itself. That limited interest from bidders”
Musk is willing to take more risk in business than others. That likely made his offer a lot lower than that of the competition.
Also note that this is a tender for a combination of building, financing, and running that line, with strict limits on what ‘runnig’ entails:
”In its request for proposals, the city set a goal of connecting downtown with the airport in 20 minutes or less, with service every 15 minutes for the majority of the day. It also requested that fares be below the current rates for taxis and ride-share trips”
Musk is willing to take more risk in business than others. That likely made his offer a lot lower than that of the competition.
Also note that this is a tender for a combination of building, financing, and running that line, with strict limits on what ‘runnig’ entails:
”In its request for proposals, the city set a goal of connecting downtown with the airport in 20 minutes or less, with service every 15 minutes for the majority of the day. It also requested that fares be below the current rates for taxis and ride-share trips”