Federal railroad regulators are in talks with Elon Musk’s tunneling firm, The Boring Company (TBC), over a multi-billion Amtrak project, according to The New York Times.
Citing sources familiar with the matter, the NYT reports that Federal Railroad Administration officials have spoken with TBC to learn whether the Musk-owned company could save the agency money on the Frederick Douglass Tunnel program.
The project, which is being built to connect Baltimore to Washington and Virginia, was initially projected to cost $6 billion, but current estimates suggest it could cost as much as $8.5 billion.
While TBC was one of several companies to be considered for a new engineering contract, the talks raise red flags about Musk’s many conflicts of interest as he splits his time between his companies, his role as President Trump’s right-hand man, and as overseer of DOGE, which has cut resources to agencies that regulate his businesses.
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