Nevada approves bonds to assist with XpressWest project
July 24, 2020
The XpressWest project to build a 170-mile high-speed rail like from Apple Valley to Las Vegas received a boost Friday as the state of Nevada approved industrial development revenue bonds to assist with construction. The $200 million bonds can be leveraged for a value of up to $800 million.
The project also received approval for up to $750 million in bond allocation from the federal government, according to https://mynews4.com/news/local/200-million-in-nevada-bonds-approved-for-high-speed-train-to-california
In June, Caltrans entered into a lease agreement allowing XpressWest, a Brightline company, to use existing State right-of-way along Interstate 15 for high-speed passenger rail service between the Town of Apple Valley (near Victorville) and Las Vegas.
The proposed XpressWest project will construct a 170-mile long, electric high-speed passenger rail system that will run along I-15’s median protected by barriers. Approximately 135 miles of the system will be in California. The project will be privately financed.