Brightline West, developer of the proposed $8-billion high-speed train between Southern California and Las Vegas—a project that has been on financial hold since last fall—now says the project is back on track.
The ultra-fast train would cut travel times between L.A. and Las Vegas in half, but a failed bond sale in the midst of a skeptical financial market has put the project on indefinite hold.
Railroad agency signoffs provide some momentum for private developer, which earlier this year paused plans for $20B effort due to coronavirus pandemic’s impact on global financial markets.