"Boost for Brightline West: $2.5B Funding Secured for High-Speed Rail to Las Vegas"

The U.S. Department of Transportation has announced over $2 billion in private activity bond authority to support the construction of the Brightline West high-speed rail project, which will connect Los Angeles and Las Vegas. This funding, combined with a previous $3 billion federal grant, will help finance the $12 billion project, with service expected to begin as early as 2028. The project aims to create a fully electric, zero-emission system and is projected to create up to 35,000 jobs. This investment is part of the Biden administration's broader plan to significantly boost passenger rail infrastructure in the U.S.