Las Vegas-to-California high-speed electric rail project gets OK for $2.5B more in bonds

LAS VEGAS (AP) — A proposed high-speed passenger train between Las Vegas and Southern California got another boost on Tuesday with Biden administration approval to issue $2.5 billion in tax-exempt bonds for the $12 billion project.

Thank you for reading this post, don't forget to subscribe!
(AP Photo/Wilfredo Lee, File)

The announcement benefiting the Brightline West project followed a $3 billion U.S. Department of Transportation grant in December and government authorization in 2020 for the company to sell $1 billion in similar bonds.

Click here to SUBSCRIBE to CA Political Review 

“We appreciate the confidence placed in us by DOT and are ready to get to work,” Brightline founder and Chairman Wes Edens said in a statement. Florida-based Brightline Holdings LLC currently operates the only privately-owned intercity passenger railroad in the U.S., linking Miami and Orlando with trains reaching speeds up to 125 mph (200 kph).

The 218-mile (351-kilometer) Brightline West project aims to whisk passengers at 186 mph (300 kph) or more in electric trains on new tracks along the Interstate 15 corridor — cutting in half a four-hour freeway trip between Las Vegas and suburban San Bernardino County near Los Angeles.

Planners and politicians say the project has all the required right-of-way and environmental approvals, along with labor agreements, and should help alleviate weekend and end-of-holiday travel traffic jams that often stretch for 15 miles (25 kilometers) on I-15 near the Nevada-California line.

Click here to read the full article in AP News

Comments

  1. It would be great if California would just annex Las Vegas (aka East L.A.) and do the State of Nevada a great favor.

    • Michael Quick says

      WE WANT NOTHING TO DO WITH COMMIFORNIA!!!!!!!!! WHAT FAVOR, SO WE CAN PAY STATE INCOME TAX, HIGHER GAS TAX, HIGHER PROPERTY TAX AND ON AND ON AND ON………..

  2. Great, another boon doggle project that I have to pay for. No thank you.

Speak Your Mind

*