Estimated ticket costs for California’s high-speed rail system were revealed in a bond offering from the route between Los Angeles and Las Vegas.
The offering is the first time indications of prices have been given, according to reports from the Las Vegas Review Journal.
Newsweek contacted the California High-Speed Rail Authority for comment via email.
Why It Matters
California’s high-speed rail project is the largest of its kind in the U.S. and this year marks the first time that the project is ready to “finally” begin laying track, according to California Governor Gavin Newsom.
What To Know
To finance its high-speed rail line, Brightline West is seeking $2.5 billion through bond offerings, including $1.85 billion in private activity bonds from California and $625 million from Nevada.
According to the Las Vegas Review Journal, the filings reveal that a one-way ticket is projected to cost $119 for standard class and $133 for premium …