Saturday, September 19, 2015

Ride the Chinese Line to Vegas?

China is partnering with a U.S. firm to build a high speed railroad line from Los Angeles to Las Vegas. XpressWest, the U.S. company, has not been able to get private investors or a Federal loan to fund the project, so enter the Chinese. Supposedly, the new line when completed will offer $89 one way fares. Maybe. "On-time and on-budget" have not historically been characteristics of projects like this, but if the Chinese want to put their own greenbacks on the line with no government bailouts, fine - knock yourself out. Time will tell.

www.latimes.com/local/lanow/la-me-ln-vegas-la-chinese-high-speed-rail-20150917-story.html

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