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California approves $3.2 billion bond for Virgin’s $4.8 billion bullet train to Las Vegas

(Source: Construction Dive, November 6, 2019)

WASHINGTON, D.C. — The California Infrastructure and Economic Development Bank (IBank) has authorized a $3.2 billion tax-exempt, fixed-rate revenue bond issuance to help DesertXpress Enterprises LLC, an affiliate of Virgin Trains USA, build a high-speed train from Victorville, California, to Las Vegas. The new XpressWest service, at speeds of up to 180 miles per hour, will take about 90 minutes one way.

Full story: Construction Dive

Thursday, November 7, 2019

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