March 20, 2013
The Honorable Ray H. LaHood
Secretary of Transportation
1200 New Jersey Avenue, S.E.
Washington, DC20590
RE: Application of XpressWest for RRIF Loan
Dear Mr. Secretary:
The National Association of Railroad Passengers, the US High Speed Rail Association, Californians for High Speed Rail, and the Midwest High Speed Rail Association urge you to give full consideration to the following factors as you review the pending Railroad Rehabilitation & Improvement Financing (RRIF) loan application of XpressWest, the first segment of a new Los Angeles – Las Vegas high-speed line.
As you know, the RRIF Loan Program was established by Congress in 1998 specifically to help support development of the US rail system. Under the RRIF program, the Administrator of the Federal Railroad Administration (FRA) of the U.S. Department of Transportation (DOT) is authorized to provide direct loans and loan guarantees out of a $35 billion pool of revolving credit.
XpressWest is well suited for this program. This project is ready to go today, having already gained environmental clearance and secured the needed rights-of-way. Private investors have already assembled $1.5 billion in funds to support the project.
With leadership from the private sector, we can be confident the project will be delivered quickly and efficiently, and managed with strong business practices. Because the nation’s high-speed rail network will be created through public-private partnership, this project offers the ideal model starter project to help move the nation’s new rail program forward.
Upon full consideration of the above listed factors, we believe this project has merits worthy of a RRIF loan. Thank you for your time and consideration.
Sincerely,
Daniel Krause, Executive Director, Californian’s for High Speed Rail
Ross Capon, President, National Association of Railroad Passengers
Rick Harnish, Executive Director, Midwest High Speed Rail Association
Andy Kunz, President, US High Speed Rail Association