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  • Writer's pictureBy The Financial District

Las Vegas-To-California Electric Rail Project Gets $2.5 Billion In Bonds

A proposed high-speed passenger train between Las Vegas and Southern California received another boost with the Biden administration's approval to issue $2.5 billion in tax-exempt bonds for the $12 billion project, the Associated Press (AP) reported.


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). I Photo: Brightline West Facebook



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.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Planners and politicians say the project has all the required right-of-way (ROW) 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.




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