California: Virgin Trains USA project gets approval for $3.25 billion in bonds

By Mick Akers, Las Vegas Review-Journal; October 24, 2019

The proposed high speed train between Las Vegas and Southern California continues its track toward becoming a reality as the Golden State has approved a $3.25 billion bond request to go toward the $4.8 billion project.

The board of directors of the California Infrastructure and Economic Development Bank (IBank) on Wednesday approved a bond request on behalf of Virgin Trains USA that will go toward constructing 135 miles of rail lines in California as well as a passenger and maintenance facility in the Victor Valley region.

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