Brightline West has a ton of momentum heading into the new year after securing billions in federal funding for the planned Southern Nevada to Southern California high-speed rail line.
In September, the Federal Railroad Administration signed a $3 billion grant awarded to Brightline West and the Nevada Department of Transportation to go toward the $12 billion project.
The U.S. Department of Transportation also previously approved up to $3.5 billion in private activity bonding authority for the project. The department then awarded an additional $2 billion in private activity bonds, bringing the total bonding authority for the project to $5.5 billion. The bonds are a debt instrument that allows private entities such as Brightline to benefit from tax-exempt municipal bonds.
