Alex Bruno
The Boring Company, Elon Musk’s tunneling start-up, looks to be on the hunt for its next major contract. 6.2-mile long, the North Miami Beach Loop would be built by The Boring Company, according to a recent article.
Between Golden Glades and Sunny Isles Beach, there are seven planned stations on State Road 826.
Insider was the first outlet to report on the tunneling startup’s idea. To put it another way, The Boring Company has said that the projected tunnels could carry more than 7,500 people an hour when they are completed.
More than 15,000 commuters an hour can be served by the North Miami Beach Loop when it is ramped up.
Because of their low cost, the Miami tunnels are similar to previous Boring Company projects, such as the Las Vegas Convention Center Loop.
According to the tunneling start estimates, up’s the planned project would cost between $185 million and $220 million to construct. This 6.2-mile system will be completed in less than three years assuming the project’s approval procedure does not become bogged down in red tape, according to the Boring Company.
Like the Vegas Loop, which is now under development, the North Miami Beach Loop is available for extension. Hard Rock Stadium and the Biscayne Campus of Florida International University are among the prospective expansions.
Miami Beach is exploring the Boring Company’s proposal because of the system’s affordability and the potential to decrease traffic congestion in the region.
The North Miami Beach Loop will help both commuters and tourists to the region since it links the city core to the beach, according to Commissioner Michael Joseph.
On the North Miami Beach Loop, the Boring Company’s estimated cost per mile will be “a fraction compared to other mass transit projects proposed in South Florida,” he said. “The construction would not be as disruptive to the local economy,” he added. “We have a lot of traffic congestion, and this is a way of alleviating a great deal of that traffic.”
As of now, the Miami Beach Commissioner said that the project’s finance is being sought. Currently, the city is looking for financial assistance from regional, state, and federal agencies.
There is, nevertheless, a good likelihood that the North Miami Beach Loop will get some attention because of its comparatively modest cost. The Boring Company’s $185-$220 million estimate for 6.2-mile solutions, on the other hand, is much more expensive than traditional solutions.
