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CREJ News

Mar. 30, 2010

$7 Billion Loan Keeps Maglev in Contention

By JULIE NAKASHIMA CREJ Staff Writer The magnetic levitation, or maglev, high-speed train proposed to run from Las Vegas to Anaheim may have been snubbed for stimulus funding, but it has gotten the attention of a bank in China.

By JULIE NAKASHIMA

CREJ Staff Writer

The magnetic levitation, or maglev, high-speed train proposed to run from Las Vegas to Anaheim may have been snubbed for stimulus funding, but it has gotten the attention of a bank in China.

Mark Fierro, a spokesman for the project, called it particularly noteworthy that it was the Chinese who came forward with this offer.

"The Chinese are the people who know the most ab...

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