The Boring Company signed a partnership agreement with Dubai Roads and Transport Authority on the sidelines of the World Governments Summit 2026 to start the implementation of the Dubai Loop, as per the tunneling startup in a blog post. The agreement was signed on behalf of Dubai RTA by Mattar Al Tayer, director general and chairman of the Board of Executive Directors, and on behalf of The Boring Company by James Fitzgerald, the startup's global vice president of business development.
Every day or every month that we're delayed, we estimate that every month is worth about $20-30 million. The most important thing we can do to keep ourselves on budget is to stay on schedule.
Critics have long questioned the 2018 decision, especially in light of the ballooning project cost, which has risen from $4.7 billion in 2014 to $12.75 billion.
