High-speed railway Brightline West has signed new contracts to lay tracks and systems for its high-speed railway, according to an email seen by Bloomberg, signaling progress for a project whose municipal bonds have traded at steep discounts since last year.
The railroad finalized deals to build some of the infrastructure to power electric trains a railway that will run at speeds of more than 200 miles an hour, according to the message. The deals were signed in late May, said a person familiar with the matter.
The Fortress Investment Group-backed railroad, which will travel between Southern California and Las ...
