California’s Brightline West high-speed rail project gets $2.5B in bonds

Dive Brief:
The U.S. Department of Transportation announced on Jan. 23 its approval of $2.5 billion in private activity bonds for the Brightline West project to build a high-speed rail line between Southern California and Las Vegas, according to a press release.

The company, which will also receive up to $3 billion in federal grants, said on Jan. 16 that it is beginning fieldwork in Nevada in preparation for groundbreaking on construction.

Meanwhile, the California High-Speed Rail Authority’s CEO, Brian Kelly, is stepping down from his role a little more than a month after the White House announced $3.1 billion in funding for the authority’s bullet-train project which could someday connect Los Angeles and San Francisco.

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