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Keyword: xpresswest

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  • High-speed rail system from Las Vegas to Southern California breaks ground

    04/22/2024 1:10:09 PM PDT · by zeestephen · 87 replies
    CNBC Business News ^ | 22 April 2024 | Ryan Anastasio
    The Brightline West system will reach speeds of 200 miles per hour across a 218-mile route between Las Vegas and three California stops including Rancho Cucamonga, about 40 miles east of Los Angeles...The project received $3 billion in funding from the Bipartisan Infrastructure Law and the rest will be privately funded...
  • Las Vegas-to-California high-speed electric rail project gets OK for $2.5 billion more in bonds

    01/24/2024 7:24:47 PM PST · by george76 · 53 replies
    KCRA ^ | Jan 23, 2024
    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. ... 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 ... No date has been announced...
  • Brightline Goes West, Plans LA-Las Vegas High Speed Rail

    09/22/2018 11:52:38 AM PDT · by Publius · 37 replies
    Railway Age ^ | 18 September 2018 | Stuart Chirls
    With its funding plans clearer, South Florida passenger start-up Brightline is looking west for its next venture into private high speed rail.Brightline on Tuesday said it had acquired XpressWest, a high-speed passenger rail project with rights to develop a federally approved corridor connecting Southern California and Las Vegas. he project would be only the second privately funded intercity passenger rail in the United States after Brightline. No terms were disclosed. “Brightline is changing transportation in our country by connecting heavily trafficked corridors that are too long to drive and too short to fly,” said Wes Edens, co-founder and co-chief executive...
  • A high-speed rail from L.A. to Las Vegas? China says it's partnering with U.S. to build

    09/17/2015 3:27:31 PM PDT · by don-o · 50 replies
    LA Times ^ | September 17, 2015 | Julie Makinen
    A long-discussed high-speed rail project linking Southern California and Las Vegas will be built by a U.S.-China joint venture, Chinese officials said Thursday, though many details about the agreement remained hazy. Announcement of cooperation on the XpressWest project adjacent to the 15 Freeway comes days ahead of Chinese President Xi Jinping’s state visit to the United States. Financial terms of the agreement, and the cost of the project, were not immediately clear. XpressWest, a private venture formerly called DesertXpress, has been under discussion since at least 2007. Chinese officials described the project as a 230-mile train linking Las Vegas and...
  • Feds suspend review of $5.5B loan for Vegas-to-California train

    07/17/2013 2:41:22 PM PDT · by Olog-hai · 32 replies
    Fox News ^ | July 17, 2013 | Judson Berger
    A proposed high-speed train connecting suburban California to Las Vegas may have just been stopped in its tracks, after the Transportation Department halted the review of what would have been its largest taxpayer loan in history. In a letter obtained by FoxNews.com, Transportation Secretary Ray LaHood informed developer XpressWest that he would “suspend further consideration” of the company’s request for a $5.5 billion federal loan. If approved, the loan would be the department’s largest ever. Though the project was a favorite of Senate Majority Leader Harry Reid, of Nevada, the request had been the subject of intense Republican criticism, as...