Wednesday, October 19, 2011

DX looking for loan and 2012

DX is still moving forward with its plans for its HSR.  They are still looking for a loan (About $6 B) from the Federal Government when previously DX said in 2007 that didnt need one.
The Hill reporter Manu Raju (09/18/07)
“We have to do this without public dollars because the public dollars are not there to build it,” said Tom Stone, president of DesertXpress. “Our view is we don’t need [federal funding], and we don’t want it."

The Las Vegas Sun has interviewed Andrew Mack (COO...Chief Operating Officer for DX)and posted the following article from Monday, October 10.


Monday, Oct. 10, 2011 | 1:55 p.m.
CARSON CITY – Officials with the proposed high-speed train linking Las Vegas and Southern California expect to get an answer in six to nine months on plans to borrow about $6 billion from the federal government.
If all goes according to plan, construction would start in the final quarter of 2012, said Andrew Mack, chief operating officer of DesertXpress. Mack briefed the state transportation board Monday on the private-public project that he says has been in development for 10 years.
He (Andrew Mack) said 45,000 questionnaires were distributed at the California agriculture border station and there was a 5 percent response rate, with an estimated 85-90 percent saying they would try the train.
So, only 2,550 responded back. with 2,168 saying they would "try the train."  

Keep Flying On The Ground! 
Ca/Nv Maglev News