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Keyword: endlesscontracts

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  • 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...
  • High-Speed Rail [in California] Is a Progressive Fantasy

    10/24/2022 11:17:08 AM PDT · by grundle · 23 replies
    National Review ^ | October 11, 2022 | Rich Lowry
    California hasn’t created a railroad to the future but a warning to the rest of the country to avoid its delusion and folly. California progressives tried to build a European-style high-speed rail network and alienated the French in the process. A big New York Times piece on the rail project reports that the French, who wanted to work with California, decided the state was simply too dysfunctional and departed to help complete a high-speed line in Morocco instead. The ongoing unraveling of California’s rail plan is an object lesson in how infrastructure as eschatology is a bad idea. If transportation...