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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.
Private developer Texas Central announced last month the newest member of its team that will build the high-speed train connecting Houston and North Texas.
Construction could begin as soon as next year on a 240-mile high-speed rail line between Houston and Dallas if permitting goes smoothly, according to officials.
As California prepares for a new governor—who may or may not be a supporter of the high-speed rail project now under construction—the California High-Speed Rail Authority is moving forward with environmental documents for the Los Angeles-area sections.
