Production of next-generation Acela Express fleet underway
Stadler unveils TEX Rail Flirt DMU
Siemens invests in remote monitoring specialist Wi-Tronix
DB consortium selected for California high speed rail
Judge puts the skids on state’s proposed rail trail
Amtrak's CEO shares his vision for rail's future
Flight Rail: a new type of train?
America’s short lines play the long game
New York rail operator bolsters security after London bombing
Brightline West CEO Mike Reininger said he is certain construction of a Las Vegas-to-Los Angeles route will begin in a matter of weeks. However, he did not release an exact date.
Election uncertainty, the lack of a COVID-19 vaccine approval, and the lack of liquidity in the stock market interfered with Brightline’s attempt to sell private activity bonds allocated for the project by the U.S. DOT and the state of Nevada and California to pay for construction. The project made a hard stop in late 2020.
However, Reininger said the tenor of the market today is dramatically different. He said the stock market is doing incredibly well, people are optimistic about a massive rebound in the economy, and jobs are headed in the right direction.
Those factors are making the construction start a reality in late second quarter, but there already may be some competition. Amtrak has suggested it might create a Las Vegas-to-Los Angeles line if President Biden is successful with his $2 trillion infrastructure plan. Amtrak would use $80 billion in funding to make a long list of repairs, including modernizing existing rails, and make new city connections. New service would be added to major cities that are without Amtrak service, including Las Vegas, Nashville, Columbus, Ohio, and Phoenix.
Reininger said he would welcome a second line between Las Vegas and Los Angeles.
Read more articles on passenger rail.
The post Brightline CEO confirms Las Vegas construction in 2021, but Amtrak enters the scene as a competitor appeared first on Railway Track and Structures.
This article first appeared on www.rtands.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.