China Will Not Build LA-to-Vegas Rail Line

choi

Julie Makinen, China Will Not Build LA-to-Vegas Rail Line — US Company Calls the Deal off. Los Angeles Times, June 9, 2016
www.latimes.com/world/asia/la-fg ... 608-snap-story.html
("the private US company behind the plan said late Wednesday [June 8] that the deal was off. * * * XpressWest indicated that its 'biggest challenge' was a federal government requirement that high-speed trains must be manufactured in the United States to secure regulatory approvals.  'As everyone knows, there are no high-speed trains manufactured in the United States,' the company said in a statement. 'This inflexible requirement has been a fundamental barrier to financing high-speed rail in our country' ")

My comment: There is no need to read the rest of this report.