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High-Speed “Desertxpress” Seeking Federal Funds

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(photo courtesy: DesertXpress)

(photo courtesy: DesertXpress)

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DesertXpress Enterprises, the company that wants to build a high-speed train from Las Vegas to Victorville, has applied for a $4.9 billion federal loan.  Ironically, that still wouldnt be enough to construct whats billed as a $6 billion project.

The Federal Railroad Administration will hire an independent analyst to determine if ridership estimates, $50 one-way fares and other related revenue will be enough to repay the loan and prevent taxpayers from getting stuck with the bill.

Desertxpress is waiting for environmental clearances before it can begin preliminary design and engineering on the 185-mile route.

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