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XpressWest – Nevada High-Speed Rail Corridor – California - Project Profile

XpressWest – Nevada High-Speed Rail Corridor – California - Project Profile

Synopsis

"XpressWest – Nevada High-Speed Rail Corridor – California - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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Summary

XpressWest is planning to build a high-speed rail corridor between Las Vegas, Nevada and Los Angeles, California in the US.

The project involves the construction of a 370km double track high-speed rail (HSR) line between Las Vegas, Nevada and Los Angeles, California. It is being implemented in phases.

The first phase includes the construction of a 297.7km rail line from Las Vegas to Victorville, California; while the second phase link Las Vegas with Palmdale, via the Victorville station; and in the last phase it will connect to California’s high-speed rail.

The project includes the construction of elevated stations, platforms, bridges, train yards, and parking and other related facilities, the installation of equipment, elevators and security systems, and the laying of railway tracks.

On February 2, 2005, DXE executed an agreement with the Federal Rail-road Administration (FRA) and Surface Transportation Board (STB) to commence the Environmental Impact Statement (EIS) process for the project.

On July 14, 2006, the FRA issued its Notice of Intent to Prepare the EIS with the STB, Federal Highway Administration (“FHWA”), Bureau of Land Management (“BLM”), and the National Park Service (“NPS”) cooperating agencies.

On July 2, 2009, the US Transportation Secretary announced the extension of the federally designated California HSR corridor to include Las Vegas, Nevada.

On May 13, 2010, the Counties of Los Angeles and San Bernardino together with the cities of Victorville, Palmdale, Lancaster, Adelanto and Town of Apple Valley acting through the High Desert Corridor Joint Powers Authority (HDCJPA) unanimously adopted a resolution of support for XpressWest connectivity from Palmdale through Victorville to Las Vegas.

An economic impact report for the XpressWest was published in collaboration with a professor from University of Nevada, Las Vegas. Following which, EIS scoping sessions were held in December 2010.

On December 17, 2010, the FRA accepted XpressWest's initial Rail-road Rehabilitation & Improvement Financing (RRIF) loan application.

On December 29, 2010, Caltrans executed a formal agreement to provide right-of-way for the XpressWest.

On January 28, 2011, FRA posted a notice of intent to issue a competitive solicitation for financial assessment services to evaluate XpressWest's RRIF loan application.

On April 1, 2011, the Federal Railroad Administration (FRA) released the final EIS for the XpressWest.

On April 20, 2011, Steer Davies Gleave completed an Investment Grade Ridership and Revenue Study for the project.

In February 2012, XpressWest submitted a supplemental Rail-road Rehabilitation and Improvement Financing (RRIF) application material to address all data requests from FRA and its independent financial advisors.

In March 2012, LAMETRO Board adopted a resolution to include high speed rail project in the High Desert Corridor, which is then followed by Southern California Association of Governments adoption to the 2035 Regional Transportation Plan.

In 2013, the government has rejected US$5,500 million loan for the project implementation.

On July 24, 2014, California High Speed Rail Authority (CHSRA) issued a notice of intent to prepare a NEPA document to environmentally clear its High Speed Rail segment between Palmdale and Burbank.

In September 2014, the Federal Railroad Administration released the Southwest Multi-State rail planning study identifying the Las Vegas Southern California corridor as a top performing corridor in the network that shows strong demand as a stand-alone corridor and also enables significant increases in ridership on the other corridors in the network.

In September 2014, Caltrans and the High Desert Corridor Joint Powers Authority issued the High Desert Corridor Draft EIS, including the High Speed Rail between Victorville and Palmdale.

In June 2015, Nevada government signed a law creating the Nevada High Speed Rail Authority, with the mission to support the implementation of high speed rail between Las Vegas and Southern California.

On September 17, 2015, China Railway International USA Co., Ltd and XpressWest announced agreement to form a joint venture that will accelerate the launch of the XpressWest rail project.

China Railway International USA Co., a consortium formed by China Railway International Co., Ltd; China Railway Group Limited; CRRC Qingdao Sifang Co., Ltd; China Construction America, Inc.; CREEC USA; and CRSC International Co., Ltd, will develop the project on build, operate and finance (BOF) basis. The Corporation has raised US$100 million initial capital for the project implementation.

Macquarie Group has been appointed as the financial adviser for the project.

On November 18, 2015, Nevada High Speed Rail Authority selected XpressWest as the state’s franchisee for constructing the project.

As the franchisee, XpressWest will now have the state on its side to serve as a facilitator, ambassador and advocate for the project.

XpressWest is in the process of securing environmental and necessary approvals for the project implementation.

In June 2016, XpressWest terminated the partnership with China Railway International (CRI) due to difficulties associated with timely performance and CRI’s challenges in obtaining required authority to proceed with required development activities.

Caltrans and the High Desert Corridor Joint Powers Authority issued its final environmental impact statement on the Victorville-Palmdale segment.

County of San Bernardino, County of Los Angeles, and the Cities of Adelanto, Victorville, Apple Valley, Lancaster, and Palmdale have formed a Joint Power Authority (JPA) named the High Desert Corridor JPA.

In the first quarter of 2017, High Desert Corridor JPA completed investment grade ridership and revenue forecast study.

Planning activities are underway.

XpressWest expects to commence construction in 2017, subject to appointment of a construction contractor.

Scope

The project involves the construction of a 370km double track high-speed rail (HSR) line between Las Vegas, Nevada and Los Angeles, California, the US.

The US$8,000 million project includes the following:

1. Construction of elevated stations

2. Construction of platforms

3. Construction of bridges

4. Construction of train yards

5. Construction of parking facilities

6. Construction of other related facilities

7. Installation of equipment

8. Installation of elevators and security systems

9. Laying of railway tracks

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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