$6.9B XpressWest HSR project awaits loan approval

02/13/2013 | VegasInc.com (Las Vegas)

The $6.9 billion XpressWest high-speed rail project between Victorville, Calif., and Las Vegas is awaiting approval of a $5.5 billion federal loan request before construction begins, according to XpressWest COO Andrew Mack. The group applied for a loan in December 2010 and there's an average 19-month completion time for Railroad Rehabilitation and Improvement Financing loan applications, added Mack. If approved, construction could start within a year. The project would take five years to finish.

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