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by jcranmer
2575 days ago
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I mostly follow mass transit and railway projects, so that's where my numbers are derived from. Considering that Loop is pitched as a new mass transit system, it makes sense to compare it to costs. Especially because Musk loves comparing it to the obscenely overpriced NYC Second Avenue Subway extension, so it helps to understand how much it actually cost. The Boring Company claims in its FAQ that the Second Avenue Subway cost "more than $1 billion per mile" (it doesn't mention it by name, but it's the only thing it could be referring to). The actual cost (from http://web.mta.info/capitaldashboard/CPDMega.html) is $415 million for 2 miles of 2 pairs of tunnel, with track work being another $364 million. The three new stations cost $649 million, $802 million, and $821 million--each more than the cost of all of the tunnel work. |
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Is this a different loop from the LVCC Loop mentioned in the article? The LVCC Loop seems pretty clearly to fall fairly far outside the "mass transit" system, so it must be a different project you're referring to.
> The Boring Company claims in its FAQ that the Second Avenue Subway cost "more than $1 billion per mile"
Definitely agree that one of the hallmarks of Elon Musk's companies are exaggerated claims about their own abilities and about the competition. I've been impressed by his ability to deliver on some of the bold claims that he has made (even if he fails to do so on a claimed timeline), but also disappointed by his readiness to exaggerate faults in other products / solutions.
Still, if the end-result is to be to reduce tunneling costs from $415M for 2 miles down to $200M for 2 miles, that's a pretty significant result. It wouldn't be nearly as dramatic as the original goal, but still a huge improvement that would make tunneling more viable in a larger number of cases.