A company backed by tech billionaire Elon Musk has been granted a nearly 49 million US dollar contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Centre.
The board of directors of the Las Vegas Convention and Visitors Authority approved the contract with The Boring Company, the Musk-backed enterprise based in Hawthorne, California.
The company plans to construct a twin tunnel system running less than a mile long.
We are excited to bring Loop to the Las Vegas Convention Center! Looking forward to working with @LVCVA @LVCVAImpact
— The Boring Company (@boringcompany) May 22, 2019
The system will use self-driving electric vehicles capable of transporting up to 16 people.
The system also will include three underground stations and a pedestrian tunnel.
The authority will reimburse the company as it completes certain stages of the project.
