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Brightline West Signs Rail Contracts for California–Las Vegas Line as Project Bonds Trade at Steep Discounts

The company signed new contracts to install tracks and systems on the high-speed rail project. Municipal bonds tied to the line have traded at steep discounts.

Bloomberg
1 source·Jun 8, 3:22 PM·1m read
Brightline West Signs Rail Contracts for California–Las Vegas Line as Project Bonds Trade at Steep Discountsforbes.com
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Brightline West has signed new contracts to lay tracks and systems for its high-speed railway between Southern California and Las Vegas. The agreements cover installation of the physical rail infrastructure and the supporting systems required to operate the line. Municipal bonds issued for the project have traded at steep discounts.

The railway is designed to connect Southern California with Las Vegas.

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