Where: A rail proposal between Los Angeles and Las Vegas
How much will California contribute? $0
What action will California take to financially help the privately funded train?
- approve $300 million in tax-exempt private activity bonds for Virgin Trains USA
- the private activity bonds will help Virgin Trains issue about $2.4 billion in debt
What are the touted benefits of the Los Angeles- Las Vegas high speed rail?
- The rail will remove nearly 4.5 million cars off the road each year
How long will it take? Construction to begin in 2020 and last 3 years
El Paso Inc | California to assist financing of California-Vegas train