New venture touts $100 million for Las Vegas-Victorville, California express train

September 18, 2015

A newly formed Chinese-American joint venture said Thursday it has raised $100 million to help build a long-awaited high-speed train connecting Las Vegas and Southern California.

Construction on the XpressWest line could begin in about a year, in September 2016, according to Thursday’s announcement.

The 230-mile line would have a station in Las Vegas and two in California, in Victorville and Palmdale.

It’s not the first time, however, that construction plans have been announced. In early 2010, then-Desert Express announced it would break ground later that year. In 2012 the name was changed to XpressWest and officials announced the link to Palmdale, Calif., where the line would connect with California High Speed Rail System.Website Insert Out of the Box Thinking copy

The joint announcement from XpressWest and the new China Railway International U.S.A. did not say when the line would be finished or how much it would cost. A statement Thursday from the joint venture described China Railway International U.S.A. as a new Nevada limited liability company and lists six entities within the LLC.

Officials with XpressWest and the Marnell Cos., which oversees it, declined to make anyone available Thursday to answer questions. An executive assistant with XpressWest, Ray Tao, said they will release more information “after obtaining additional required regulatory approvals.”

The deal also was announced at a news conference in Beijing, with officials touting it as the first significant Chinese-American high-speed rail partnership, Bloomberg News reported.

The deal followed four years of talks, according to Bloomberg.

Read the full story from reporter Eric Hartley in the Las Vegas Review-Journal by clicking here.

 

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