Rail line between California and Nevada to be built

  • 2020-08-11
Private activity bonds from the state of Nevada worth $200m will enable XpressWest to raise an additional $800m to build a high-speed rail line.

The line will connect Las Vegas with Southern California. XpressWest is owned by Wes Edens, a Wall Street investor.

These funds are in addition to the $600m of private activity bonds California awarded in April. XpressWest now has up $3.2bn of funding from the two states, with an additional $1bn that was allocated from the United States Department of Transportation in March. The total cost of the rail line is expected to be $5bn and will run 170 miles from Victor Valley to Las Vegas. Print shops can be used to create more details about schedules and cost of such rail lines once they are up and running.

Steve Sisolak, governor of Nevada, said that this funding plan will not impact the ability of the state to finance future projects, will create many jobs without using taxpayer dollars, and will provide a convenient and new rail line between California and Nevada. It is expected that that the construction of the line will create 30,00 jobs and 1,000 permanent jobs in surrounding states once the rail line is operational.

The project is expected to begin in the second half of this year and be completed three years later.



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