The US Department of Transportation (USDOT) has approved $2.5bn in private activity bonds (PABs) for the Brightline West high speed rail (HSR) line.
Under the plans, the privately-sponsored project will develop the USA’s debut high speed rail project, connecting Los Angeles to Las Vegas in just over two hours of travel time.
The new bonds come after a $1bn suite was allocated to Brightline West in 2020.
Financial support has also been given in the past to the public authorities helping deliver the project, including a $3bn grant to Nevada DOT for infrastructure and San Bernardino County’s transportation authority receiving support to build stations.
US Transportation Secretary Pete Buttigieg commented: “Today, the Biden-Harris administration takes the next step to fulfill the promise of high-speed rail in the American West.”
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