The long-awaited, long-delayed high-speed rail train from Las Vegas to Southern California is $3 billion closer to leaving the station.
Brightline West — the company behind the proposed high-speed rail line between Las Vegas and Rancho Cucamonga — will receive $3 billion from the federal Department of Transportation, a large portion of the $3.75 billion the company was seeking in public funds. The remainder of the projected $12 billion cost will be privately financed.
In a statement, Brightline CEO Wes Edens thanked Rosen and called the funding announcement a “historic moment that will serve as a foundation for a new industry.”
The funding comes from the Bipartisan Infrastructure Law, which authorized spending more than $4.5 billion for intercity passenger rail funding for lines outside of the rail-rich Northeast Corridor.