Brightline West Bonds Jump 13% on Railroad Official’s Comments

Municipal bonds issued to finance Brightline West, a high-speed passenger rail line between Southern California and Las Vegas, climbed 13% after a Federal transportation official offered a hopeful signal about the project.

David Fink, administrator of the Federal Railroad Administration, said the government was “interested” in putting money into the $21.5 billion rail line.

Brightline West is seeking a $6 billion federal loan for the 218-mile (351 kilometer) high-speed railroad and the project’s financing hinges on getting the loan. Brightline West has already received a $3 billion grant from the infrastructure law passed under former President Joe Biden. ...