State Funding InterState Rail.

Where: A rail proposal between Los Angeles and Las Vegas

How much will California contribute? $0

What action will California take to financially help the privately funded train?

• approve $300 million in tax-exempt private activity bonds for Virgin Trains USA
• the private activity bonds will help Virgin Trains issue about $2.4 billion in debt

What are the touted benefits of the Los Angeles- Las Vegas high speed rail?

• The rail will remove nearly 4.5 million cars off the road each year

How long will it take? Construction to begin in 2020 and last 3 years

El Paso Inc | California to assist financing of California-Vegas train