IE Business Daily Business news for the Inland Empire.
The U.S. Department of Transpiration has approved $2.5 billion in bonds to help pay for the high-speed rail project that will run between Southern California and Las Vegas.
The Brightline West High-Speed Intercity Passenger Rail Project, which will stop in Rancho Cucamonga and Hesperia, will run for 218 miles along Interstate 15 and reach speeds of 185 miles per hour, according to the U.S. Department of Transportation.
“Today, the Biden-Harris administration takes the next step to fulfill the promise of high-speed rail in the American West, with $2.5 billion in private activity bond authority to lay tracks, create jobs, and connect American cities,” said Transportation Secretary Pete Buttigieg in a statement released Jan. 23.
The $12 billion project is expected to break ground this year and be ready for the 2028 Summer Olympics in Los Angeles, according to the Nevada Department of Transportation.
