Read this article in Français Deutsch Italiano Português Español
US Department of Transportation approves US$2.5bn in bonds for Brightline West high-speed rail
23 January 2024
Digital render of a high-speed train running on the planned Brightline West line (Image: Brightline West)
The US Department of Transportation has approved US$2.5 billion worth of bonds to help fund the Brightline West high-speed rail project connecting Las Vegas, Nevada, and Southern California.
The 218-mile line, estimated to cost $12 billion in total, will run along the I-15 median with electric trains capable of running at 186 mph.
DOT previously approved private activity bonds of $1 billion for the project in 2020. The second tranche of private activity bonds brings the total to $3.5 billion. In December, DOT also awarded a $3 billion grant from President Biden’s infrastructure law to the Nevada Department of Transportation for the project.
In June, DOT awarded a $25 million grant to San Bernardino County Transportation Authority (SBCTA) through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) Program that will be used for the construction of the Brightline West stations in Hesperia and Victor Valley, California.
Brightline West is expected to break ground early this year.
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
CONNECT WITH THE TEAM
