Progressive Railroading, 1/23/24
USDOT OKs $2.5B in private activity bond allocation for Brightline West project
The U.S. Department of Transportation today announced the approval of $2.5 billion in private activity bonds (PAB) authority allocated for the Brightline West high-speed intercity passenger-rail project connecting Las Vegas and Southern California.
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USDOT previously approved a PAB allocation of $1 billion for Brightline West in 2020, bringing the total allocation for this project to $3.5 billion. . . .