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US and Chinese firms agree on high-speed rail plan from LA to Vegas
Pledge agreements aren't the only deals being inked ahead of Chinese President Xi Jinping's first official state visit to the US. A consortium led by China Railway Group has come to terms with America's XpressWest Enterprises LLC to jointly build and operate a high-speed rail link running between Los Angeles and Las Vegas. The project has already cleared its environmental impact study, obtained all of the necessary DoT licensing and right-of-way approvals, and is ready to begin building as soon as next September. China Railway has already put up $100 million in initial capital. According to China Railway, the route will span 230 miles between Las Vegas and Los Angeles proper. XpressWest's website, however, claims the tracks will stop in Victorville, California, 85 miles outside of LA, and 55 miles closer to its destination.
