$2.5 BILLION FUNDING APPROVED FOR 186MPH LA TO LAS VEGAS HIGH-SPEED TRAIN
Matt Case - February 1st, 2024 - 6:41am PST
WASHINGTON D.C. - The Biden administration has approved an additional $2.5 billion in tax-exempt bonds for the Brightline West high-speed rail project, which plans to connect Las Vegas to Los Angeles. This funding boost, aimed at facilitating travel across the Nevada desert at speeds of 186mph or greater in just two hours, brings the project's total cost to approximately $12 billion.
The Brightline West railway aims to whisk passengers across the Nevada desert in just two hours. Pictured is a Brightline train in Fort Lauderdale
This recent financial endorsement follows a $3 billion grant from the U.S. Department of Transportation in December and a 2020 authorization for the company to issue $1 billion in similar bonds. Brightline founder and chairman Wes Edens expressed gratitude for the Department of Transportation's confidence, signaling readiness to commence the ambitious project