China Railway International USA Co. Ltd. and XpressWest have agreed to form a joint venture that will accelerate the launch of the XpressWest rail project. The XpressWest railway line will connect Las Vegas to Los Angeles (the Southwest Rail Network).
The joint venture will develop, finance, build and operate the Southwest Rail Network, with stations in Las Vegas, Victorville and Palmdale, and service throughout Los Angeles. The decision to form a joint venture is the culmination of years of work and builds upon the significant accomplishments of XpressWest.
Supported by USd 100 million in initial capital, this new high-speed rail line will have approximately 370 km in length. The construction works are planned to commence as early as September 2016.
The joint venture will immediately undertake all necessary regulatory and commercial activities to advance the regional high-speed rail in the United States. Implementation will begin within the next 100 days.
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