Saw the link to this najor update news story about XpressWest on the California High Speed Rail blog titled "Partner outlines vision for high-speed rail system".
Tony Marnell claims that they have raised the $1.5 billion in private funding commitments and have been undergoing extensive review of the loan by the FRA in the past 3 months. My read is that the purpose of this interview and other news stories I've seen in recent weeks about the XpressWest RRIF loan application is that the announcement of the RRIF loan will be made soon. Perhaps very soon. They are getting their side of the story out to the press and public before the flak that will occur in the anti-rail press when the loan is granted.
Lots of other news in the article:
-The plan is for a max speed of 190 mph. Trains will be capable of 220 mph, but will stay at lower speeds to save on power consumption costs.
-Discusses how he expects Palmdale to become a critical transportation link location.
-The Victorville location is expected to draw heavily from the Inland Empire region for the customer base.
-Discusses plans for service to Phoenix, Salt Lake City, even Denver.
Tony Marnell claims that they have raised the $1.5 billion in private funding commitments and have been undergoing extensive review of the loan by the FRA in the past 3 months. My read is that the purpose of this interview and other news stories I've seen in recent weeks about the XpressWest RRIF loan application is that the announcement of the RRIF loan will be made soon. Perhaps very soon. They are getting their side of the story out to the press and public before the flak that will occur in the anti-rail press when the loan is granted.
Lots of other news in the article:
-The plan is for a max speed of 190 mph. Trains will be capable of 220 mph, but will stay at lower speeds to save on power consumption costs.
-Discusses how he expects Palmdale to become a critical transportation link location.
-The Victorville location is expected to draw heavily from the Inland Empire region for the customer base.
-Discusses plans for service to Phoenix, Salt Lake City, even Denver.