Every time I've heard Musk talk about this I thought it was something that we wouldn't see for another 10-20 years. A test this year would be fantastic. Of course with regulation/law no matter how quickly they build it we might not see it in use by the general public for a long time.
As we don't know many details I can't be sure but could this be Musk's answer to long-distance green travel? He already has the solar panel company (providing green energy to buildings etc.), Tesla (green cars), ET3 (green airplane replacements). I'm not sure if this was his aim but owning each of those markets would be pretty amazing.
Edit:
It might take some convincing to get people to use this though. My first thought when it said it could travel at 4000MPH was "if anything goes wrong with this I'm dead". A lot of effort/cost will need to be put into maintaining the system as at that speed even a minor flaw will most likely cause fatalities.