A Florida company has agreed to acquire the operator of a planned high-speed rail system connecting Las Vegas and Southern California, in a deal that may breathe new life into the long-delayed project. Brightline already runs the nation’s first privately-financed, high-speed train network, which opened in the Miami metro area earlier this year. The Las Vegas venture first got under way in 2005 and has had trouble raising the money needed to start construction. The sale comes as U.S. high-speed rail projects have run into problems including rising construction costs. “The introduction of high-speed rail between Las Vegas to Southern California will bring significant economic and environmental benefits to our state and support increased tourism,” said Nevada Gov.

Source: Wall Street Journal September 18, 2018 03:56 UTC