Nevada, California Agree To Delay Bonds On High Speed Rail

Proposed Changes Mean New Studies Need To Be Done

Mitch Kelly
February 06, 2020 - 6:49 am
Virgin trains prepare to depart from Euston Station on the West Coast Mainline route on August 15, 2012 in London, England.

Oli Scarff/Getty Images

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LAS VEGAS, NV (KXNT) - Nevada and California officials have delayed decisions on hundreds of millions of dollars worth of bonds for a high speed rail project that would run from Las Vegas to Victorville.  

Virgin Trains is seeking $600 million in bonding authority from California, and $200 million in bonds from Nevada’s debt limit allocation, as well as 850-million dollars from the US Department of Transportation's bond program.

Both California and Nevada are waiting on word from the Federal Railroad Administration regarding an environmental impact study that was made necessary when Virgin Trains announced proposed changes and modifications to the rail route. Original plans for the project were approved back in 2011. 

If the F.R.A. decides that an additional environmental review is needed, the timeline of the entire project would have to be adjusted.

The high speed rail project would cost an estimated $4.8 billion.