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Block 867141
The Federal Railroad Administration signed an agreement that sends $3 billion to the Nevada Department of Transportation for Brightline West’s planned high-speed rail project from Las Vegas to Southern California.
Brighline CEO Michael Reininger in a press release called the signing a “historic commitment that will jumpstart the high-speed rail industry in America, creating thousands of jobs all across the country.
Once completed, Brightline West will be the first high-speed rail project in the nation, as passenger trains travel over 200 mph between Las Vegas and Rancho Cucamonga, the company stated.
The 218-mile route by all-electric rail trains will travel in the middle of Interstate 15 with stops at stations located in Las Vegas, Apple Valley, Hesperia, and Rancho Cucamonga where it would connect to an existing Metrolink line to Los Angeles.
well, at least they gave up the hyperloop scam!
and the article makes a point to emphasize an "all-electric" construction. As if you could build a high speed network with Diesel. :D
And.. Siemens? Who built the German system that has breakdowns every week? Because they can't, or won't, contract the Chinese, who really know how to build this? But that's no surprise.
But given that this is the US, it would be a surprise to actually see it finished, instead of being a grave for government funds thrown to corporations who don't deliver on the promise in 10 years. Anyone want to take a bet if, in five years, there's a train there? I take "no".
Will it be cheaper than flying?
That is a good question. Train tickets now aren’t really cheaper than flying. My first thought is nope but we shall see
Brightline West train station construction moving forward in Las Vegas
LAS VEGAS (FOX5) — Construction on the Brightline West high-speed rail project is moving forward with visible progress at the future train station site just south of the Las Vegas Strip.
The FOX5 drone captured footage of the massive construction site where work is underway. Over the next few weeks, drivers on Las Vegas Boulevard near Warm Springs Road will also have to navigate lane changes as construction picks up speed.
The project promises thousands of jobs for local workers and new customers for surrounding businesses.
Cost spikes for Brightline West’s high-speed rail project from Vegas to Southern California
The cost of the Brightline West high-speed rail project has increased to $21.5 billion.
The rail company has requested a $6 billion loan from the Trump administration to cover rising costs.
The price of Brightline West’s high-speed rail project between Las Vegas and Southern California has just increased by 35%.
Brightline West’s 218-mile rail project has spiked from $16 billion to $21.5 billion, according to the U.S. Department of Transportation. The initial cost of the project was $8 billion.
Brightline West was initially expected to open in 2027. The most recent projection is 2029, Bloomberg reported
Good news arrives for bond offering on Brightline’s Vegas-to-LA project
Brightline West’s private activity bond sale far exceeded expectations, signaling investor confidence in the Las Vegas-to-Southern California high-speed rail project.
With plans for the start of heavy construction on the more than $12 billion project later this year, Brightline West is getting financing in place to build the 218-mile, high-speed rail line, associated stations and maintenance facilities.
Funds are coming together
Project is on time and on budget!
👏👏👏👏
Brightline West high-speed rail construction could start soon
Debt and bonds and equity? Hahaha man this project looks like it’s doomed to fail.