With a revised plan, Brightline looks to Apple Valley’s revolutionary 2021 rail project

The Brightline West high-speed passenger rail project between Apple Valley and Las Vegas, which was supposed to open its doors last year, appears to be back on track six months after the conclusion of a partnership with Virgin Trains USA.

Last year, Brightline announced that Fortress Investment Group, its parent company, had held back the privately funded $ 8 billion XpressWest project when it could not complete the financing.

But earlier this month, Brightline West president Sarah Watterson said her company was preparing a revised financial plan for the project that could see a groundbreaking date for the second quarter of 2021.

In a January 4 letter to the Nevada high-speed rail authority, Watterson said Brightline’s reviews are expected to include more stock and a revival of the bond sale this year.

During 2020, the company made significant progress, positioning itself to proceed with the sale of private asset bonds earmarked for the project by both states and the US Department …

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