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How to use a region page

  1. Counts and the pipeline for this region come first; the tabs list its buyers, players and tenders.
  2. Cities on the map open their own pages.
  3. Capex, pipeline value and the market narrative open with this market's edition.

Nevada

5 buyers · 5 tenders · checked 2026-09-24

Brightline West: $21bn total ($3bn federal grant, $2.5bn bonds, $6bn loan in due diligence Sept 11, 2026); Clark County transit buys no rail.

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1Metro systems operating
5Buyers tracked
5Tenders tracked
1Cities tracked
Live pipeline
$21bn programme with about $20.9bn still to spend; 5 tracked procurements
Technology areas
Track & civil, Electrification, Rolling-stock hardware, Signalling & train control, Digital operations

Key figures

Brightline West programme estim…$21 billionBrightline West programme estimate (Sept 2025); $3bn federal grant; $6bn RRIF loan pending; late-2029 opening
1 source · secondary
  • ○ The Nevada Independent · Brightline off the rails? Financial woes, delayed loan lead to concerns for Vegas high-speed train (published 2026-07-09 · checked 2026-09-05)
Brightline West budget still to…about $20.9 billionBrightline West budget still to spend as of September 2026, including hard costs, soft costs and contingencies; the $6bn RRIF loan was still in due diligence
1 source · secondary
  • ○ The Bond Buyer · Brightline West bondholders grant more time as $6B federal loan timeline extended (published 2026-09-11 · checked 2026-09-12)
Federal-State Partnership for I…$3 billionFederal-State Partnership for Intercity Passenger Rail grant agreement signed on 27 September 2024, awarded to the Nevada Department of Transportation
1 source · secondary
  • ○ Railway-News · $3 billion Brightline West grant agreement officially signed (published 2024-09-27 · checked 2026-09-12)
Senior subordinated private act…$2.5 billionSenior subordinated private activity bonds approved by the US DOT in March 2025, issued through the California Infrastructure and Economic Development Bank and the Nevada Department of Business and Industry from a $5.5bn volume cap
1 source · secondary
  • ○ Railway-News · Brightline West secures $2.5 billion in private activity bonds for high-speed rail (published 2025-03-21 · checked 2026-09-12)
Las Vegas Monorail3.9 miles, seven stations, nearly 5 million passengers a yearLas Vegas Monorail, owned by the LVCVA since December 2020 and managed by Western Management Group
1 source · primary
  • ● Las Vegas Monorail · About us (LVCVA acquired the monorail in December 2020; 3.9-mile route, seven stations, nearly 5 million passengers a year; managed by Western Management Group) (published 2026 · checked 2026-09-12)

Buyers

BuyerTypeTendersContracts awarded
Brightline WestPPP concessionaire43
Las Vegas Convention and Visitors AuthorityDevelopment authority10
Nevada Department of Business and IndustryOther00
Nevada Department of TransportationState DOT00
Regional Transportation Commission of Southern NevadaTransit authority00

Tenders

TenderBuyerStatusValue bandNext key date
Brightline West Las Vegas-Southern California lineBrightline WestPre-bidover $1bn
Brightline West American Pioneer 220 trainsetsBrightline WestAwardedvalue not published
Brightline West Nevada segment JacobsBrightline WestIn executionvalue not published
LVCVA Las Vegas Monorail operationsLVCVAIn executionvalue not published
Brightline West signalling train controlBrightline WestPlannedvalue not published

Cities

CityNetwork statusNetworks
Las VegasBrightline West terminus under construction at Las Vegas Boulevard and Warm Springs Road; the LVCVA-owned Las Vegas Monorail runs 3.9 miles along the Strip with seven stationsBrightline West (under construction); Las Vegas Monorail

Players with a footprint here

PlayerKindFootprint
JacobsEngineering consultantProject presence
FortressFunder / investorOffice

Withheld in the free surface

  • Capex in this region (3)
  • Market narrative

Full detail withheld: 2 fields. In the United States edition · See a fully open example

  • Financing gap

Full detail withheld: 1 field. In the United States edition · See a fully open example

Sources

  • ○ The Bond Buyer · Brightline West bondholders grant more time as $6B federal loan timeline extended (published 2026-09-11 · checked 2026-09-12)
  • ○ Engineering News-Record · Transpo Secretary Buttigieg helps mark construction start of $378M Vegas BRT project (published 2024-08-21 · checked 2026-09-12)
  • ● Las Vegas Monorail · About us (LVCVA acquired the monorail in December 2020; 3.9-mile route, seven stations, nearly 5 million passengers a year; managed by Western Management Group) (published 2026 · checked 2026-09-12)
  • ○ Railway-News · $3 billion Brightline West grant agreement officially signed (published 2024-09-27 · checked 2026-09-12)
  • ○ Railway-News · Brightline West secures $2.5 billion in private activity bonds for high-speed rail (published 2025-03-21 · checked 2026-09-12)
  • ○ Railway-News · Brightline West and California High-Speed Rail: what signalling systems will they use? (published 2026 · checked 2026-09-12)
  • ○ The Nevada Independent · Brightline off the rails? Financial woes, delayed loan lead to concerns for Vegas high-speed train (published 2026-07-09 · checked 2026-09-05)

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Compiled by Watchtower to editorial standards the Managing Partner sets and enforces. Public record only — every datum carries its source.