Las Vegas-to-California high-speed electric rail project gets OK for $2.5B more in bonds
A proposed high-speed passenger train between Las Vegas and Southern California has gotten another boost
LAS VEGAS — 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.
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.
«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.
Nevada U.S. Sen. Jacky Rosen, a Democrat who has backed the project in Congress, said she expects the long-sought rail link will boost Nevada’s tourism economy and create thousands of jobs while reducing traffic and pollution.
No date has been announced for work to
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