News

Xpress West Hits Financial Roadblock

View Comments
(photo courtesy: XpressWest)

(photo courtesy: XpressWest)

tate south Tate South
Email Tate at tate.south@cbsradio.com
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

(Washington, DC)  —  A federal loan for a high-speed rail service between Las Vegas and  Southern California has stalled due to “Buy America” rules.

Former Transportation Secretary Ray LaHood halted the loan review for Xpress West, after executives failed to “satisfy domestic manufacturing requirements.”

LaHood says that issue and other “significant uncertainties” surrounding the project forced him to suspend “further consideration” of the loan request.

Senator Harry Reid, who supports Xpress West, says there’s still a chance of federal backing.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,092 other followers