Brightline West’s plans to build a high-speed rail line between Las Vegas and Southern California will not be affected by the bankruptcy of a sister company in Florida, a company spokesperson said Monday.
Brightline, which operates a high-speed rail line between Miami and Orlando, filed for Chapter 11 bankruptcy last week and announced it entered into a restructuring support agreement with existing financial stakeholders to infuse $490 million in long-term capital toward the rail line.
“Brightline is a critical part of Florida’s transportation network that has changed the way people move around the state.,” Patrick Goddard, Brightline Florida CEO, said in a statement.
