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In September, the Federal Railroad Administration signed a $3 billion grant awarded to Brightline West and the Nevada Department of Transportation to go toward the $12 billion project.
The U.S. Department of Transportation also previously approved up to $3.5 billion in private activity bonding authority for the project. The department then awarded an additional $2 billion in private activity bonds, bringing the total bonding authority for the project to $5.5 billion.
Debt and bonds and equity? Hahaha man this project looks like it’s doomed to fail.