Nice to see: Post Bulletin
Private rail company seeks to build high-speed rail across U.S.
The private company seeking to build a high-speed rail line from Rochester to the Twin Cities is also vying for the right to build four other corridors, including a proposed line from Los Angeles to Las Vegas.
North American High Speed Rail Group spokeswoman Wendy Meadley said the company is competing for the chance to build the L.A. to Vegas rail line. Last week, the L.A. Times reported that officials from XpressWest announced they had partnered with China Railway International USA to finance part of the L.A. to Vegas project. That group is a consortium led by China Railway, which is the People's Republic of China's national railroad. The Chinese group pledged it would provide $100 million in initial capital for the project.
Meadley said despite the announcement, no deal has been finalized. The Minnesota-based rail group is still in the running to build the train. She noted that the cost of the entire project is likely $4 billion to $12 billion.
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Meadley declined to name all of the corridors that the group is seeking to build, but said one is "a significant corridor on the East Coast" and another one is in the southern United States. The group is also exploring building a Chicago to Rochester high-speed rail line, along with the Rochester to Twin Cities line.
Next stop, Willoughby
~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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