Net revenue

Net revenue for The Boring Company San Antonio Loop is expected to be $25 million per year, with fares starting at $10

On Wednesday, May 18, the Alamo Regional Mobility Authority (RMA) Board of Directors was briefed with more details on The Boring Company’s (TBC) proposed tunnel between San Antonio International Airport and downtown -town.

Bexar County Director of Public Works and County Engineer Renee Green briefed the Alamo RMA Board of Directors on The Boring Company’s tunnel project before members met in executive session.

Green’s presentation noted that 10 million out of 30 million people who visit the city pass through San Antonio International Airport. As such, the San Antonio tunnel project is expected to generate net revenue of up to $25 million per year, with fares between $10 and $12.

“These revenue projections would, obviously, require more detailed study to be reasonable and accurate. That’s what the ridership and revenue study will tell us,” Green said.

According to Green, all funding for the tunnel project would come from Elon Musk’s tunneling company. She stressed that taxpayers would not spend a penny on the project. TBC offered a “turnkey lump sum construction price where they assume all risk”. The Boring Company project is estimated between 241 and 298 million dollars.

TBC plans to build a 7.6-mile-long one-way tunnel that would eventually parallel US 281. However, the route of the tunnel will not be defined until a feasibility study has been completed. A review of potential environmental risks should also be carried out.

The San Antonio tunnel would have exit shafts located every half a mile for safety reasons. The number of stations the tunnel would have is still unknown.

The presentation said that 100 Tesla vehicles could carry approximately 32,000 passengers through the San Antonio tunnel daily. It would have a maximum carrying capacity of 4,500 passengers per hour with 100 vehicles. If the Tesla tunnel fleet grew to 350 vehicles, it could accommodate 112,000 commuters daily and 15,750 passengers per hour from the airport to downtown.

“It’s an extremely efficient system. There’s no cross-traffic, you’re not stopping at every spot, you’re stopping or exiting the tunnel system,” Green said.

She pointed out that each trip would have little to no waiting time. However, Green also pointed out that The Boring Company’s tunnel would run alongside traditional transit systems and not compete for the same ridership.

“The project can provide equivalent capacity to buses and rapid transit for a fraction of the operating costs we’re talking about, while ensuring reliability and solving a lot of the last-mile challenges you see with systems. traditional transit systems using underground routes where the system will complement any plans for ongoing transit type projects and should not replace them,” she added.

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Net revenue for The Boring Company San Antonio Loop is expected to be $25 million per year, with fares starting at $10