Overview

• The U.S. Department of Transportation now lists the 218-mile Rancho Cucamonga–Las Vegas project at $21.5 billion and shows Brightline West as a $6 billion RRIF loan applicant.
• Brightline West plans to replace a previously planned $6 billion bank facility with the federal loan while adding more equity and about $5.5 billion in tax‑exempt bonds.
• Prices on California IBank-issued Brightline West bonds fell to an average of 87.3 cents from 91.6 cents since Sept. 23, and average spreads widened to roughly 900 basis points from 825.
• CEO Mike Reininger attributes the higher budget to rising labor and material costs driven in part by heavy demand from data centers, power projects and other construction.
• The all‑electric line is designed largely in the I‑15 median with trains up to roughly 200 mph, and prior federal support includes a $3 billion grant awarded under the infrastructure law.