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LOS ANGELES http://www.cheapsoccerjerseysjuventus.c … io-jersey/ , July 20 (Xinhua) -- U.S. technology pioneer Elon Musk tweeted Thursday that his Boring Company tunnel project has received "verbal government approval" to build a New York- D.C. hyperloop, which would drastically cut the travel time between the two cities.

"Just received verbal govt approval for The Boring Company to build an underground NY-Phil-Balt-DC Hyperloop. NY-DC in 29 mins," said the 46-year-old behind the automaker Tesla and commercial launch company SpaceX through his favorite platform, Twitter.

It now takes about three and half hours by train to travel from NYC to Washington D.C., and over four hours by bus.

The Boring Company hopes to alleviate traffic by expanding transportation corridors. "One option is to 'go up' with flying cars. However http://www.cheapsoccerjerseysjuventus.c … io-jersey/ , flying cars have issues with weather, noise, and generally increase anxiety levels of those below them. The other option is to 'go down' and build tunnels," according to the startup.

About an hour and a half later, Musk tweeted http://www.cheapsoccerjerseysjuventus.com/blank-jersey/ , "still a lot of work needed to receive formal approval, but am optimistic that will occur rapidly."

Later Thursday, White House confirmed its officials have had "promising conversations to date" with Musk and executives from his Boring Company, according to a White House spokesman, who added that the administration was "committed to transformative infrastructure projects http://www.cheapsoccerjerseysjuventus.c … di-jersey/ , and believe our greatest solutions have often come from the ingenuity and drive of the private sector," according to U.S. media reports.

In a later tweet on Thursday, Musk said the system would run from "City center to city center in each case, with up to a dozen or more entryexit elevators in each city."

Then the former PayPal executive added, "First set of tunnels are to alleviate greater LA urban congestion. Will start NY-DC in parallel. Then prob LA-SF and a TX loop."

The Boring Company started as a joke http://www.cheapsoccerjerseysjuventus.c … es-jersey/ , but became increasingly serious as Musk began tunneling in Los Angeles. In June, Musk announced that The Boring Company completed the first segment of its tunnel under Los Angeles.

"It has begun boring and just completed the first segment of tunnel in LA," Musk announced on June 28.

In April, while he was giving a TED Talk about the project, he released a video demonstration of the concept of hyperloop.

He had also revealed the planned route of the first tunnel: "Full length of first tunnel will run from LAX to Culver City http://www.cheapsoccerjerseysjuventus.c … li-jersey/ , Santa Monica, Westwood and Sherman Oaks. Future tunnels will cover all of greater LA."

Currently, tunnels are really expensive to dig, "with some projects costing as much as 1 billion U.S. dollars per mile. In order to make a tunnel network feasible, tunneling costs must be reduced by a factor of more than 10 http://www.cheapsoccerjerseysjuventus.c … ro-jersey/ ," The Boring Company said on its website.

AOPA-China Fly-In 2017 air show opens in SW China's Guizhou

Shop blast leaves 2 dead, 55 injured in east China city

Green Car China auto show held in south China's Guangzhou

Workers renovate Nanjing Yangtze River Bridge in east China

In pics: Xinjiang's most beautiful highway

23rd Summer Deaflympics opens in Samsun, Turkey

In pics: China's CH-5 drone completes trial flight

In pics: ethnic embroidery show in SW China's Yunnan

SEOUL, Aug. 3 (Xinhua) -- South Korea's foreign reserves hit a fresh record high last month as the weak U.S. dollar increased the conversion value of non-dollar assets, central bank data showed Thursday.

Foreign currency reserves reached 383.76 billion U.S. dollars as of end-July http://www.cheapsoccerjerseysjuventus.com/ , up 3.19 billion dollars from a month earlier, according to the Bank of Korea (BOK).

The country's reserves denominated in foreign currencies kept rising for the fifth consecutive month, maintaining the record-breaking momentum for three months in a row.

The conversion value of non-dollar assets increased as the greenback depreciated versus its peers amid the political uncertainty and the slumping economic indicators.

The European single currency appreciated 2.7 percent to the dollar, with the British pound rising 1 percent versus the greenback. The Japanese yen gained 1.3 percent against the dollar.

The country's foreign reserves were composed of 354.55 billion dollars of securities holdings, 19.38 billion dollars of deposits http://www.cheapsoccerjerseysjuventus.c … ny-jersey/ , 4.79 billion dollars of gold bullion, 3.29 billion dollars of special drawing rights and 1.73 billion dollars of IMF positions.

As of end-June, South Korea was the ninth-largest holder of foreign reserves.

Aerial view of Hohhot in China's Inner Mongolia

In pics: "Army Scout Masters" competition of Int'l Army Games

Britain's Prince Philip ends 65 years of official engagements

Argentine farmers give away bananas to protest low prices

Military parade held to mark PLA 90th birthday (Part I)

SWAT team members take part in drill

Acrobatic show staged in China's Xinjiang

Martial arts competition held in China's Henan

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