The Boring Company begins talks for San Antonio, Texas loop

The Boring Company (TBC) began talks with the Alamo Regional Mobility Authority (RMA) after board members voted to conduct a feasibility study into the project.

The Boring Company was one of two finalists for the San Antonio transportation project. according to San Antonio Express NewsThe second company to bid for the project was Bexar Automated Transport (BAT), which proposed an electric bus system that would pass through elevated and underground tracks.

TBC’s proposal called for twin underground tunnels that Tesla vehicles could pass through, transporting riders between San Antonio International Airport and the city.

Both companies submitted their proposals to the Alamo RMA. The decision seemed dependent on finances.

“The Board has consistently sought innovative ways to finance transportation projects to ensure a brighter future for the community by accelerating bridge technology and delivery of needed projects. Board Chairman Mike Lind said today. The board action is the first of many discussions towards relieving congestion instead of waiting for years.”

San Antonio Loop Talks

Lind emphasized that the previous voting round did not cement the future of the project, but rather marked the beginning of negotiations between The Boring Company and Alamo RMA. The Boring Company will hold meetings with Alamo RMA staff in the coming weeks.

TBC estimated the total cost of the San Antonio Loop project to be $247 million to $289 million – although the company noted that these are “very rough” estimates – for a loop between the airport and downtown. The board may decide to add more stations in future.

According to Bexar County Engineer Renee Greene, The Boring Company believes it can begin construction in 12 months and complete the first phase in 18 months. TBC estimates that the entire twin tunnel system will be completed in 36 months.

Staff-written documents showed the company is willing to finance between $27 million and $45 million for the first phase. Before negotiations began, The Boring Company said it would self-finance the entire project and hand it over to Alamo RMA after the loop was completed. The Boring Company may operate and maintain the San Antonio Loop for the Alamo RMA under a lease agreement similar to its deal with the Las Vegas Convention and Visitors Authority (LVCVA) for the Las Vegas Convention Center (LVCC) Loop.

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The Boring Company begins talks for San Antonio, Texas loop






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