Contract Surety

Zipping Along: From Desert To Ocean?

03.07.2022

 

It could happen. After years on the planning table, a high-speed train line connecting Las Vegas and Los Angeles might see daylight—and soon. Builders say the $8 billion dollar construction could even start in 2023. Buckle up!

 

180 Miles Per Hour

According to Engineering News-Record, billionaire investor, Wes Edens, whose Fortress Investment Group owns Brightline West, builder of the electric train project, its “at the one yard line.” Brightline anticipates that federal review and issuance of permits will be completed in fall 2022, with contractors announced before the end of the year. It’s been estimated that the project could create 40,000 construction and 1,000 permanent jobs. Engineering News-Record reports:

 

The company says its all-electric train, with speeds of up to 180 mph, will keep 400,000 tons of carbon dioxide out of the air each year and remove 3 million cars from Interstate 15, which sees hours-long southbound traffic jams each weekend as tourists return to Southern California from Las Vegas.

 

“The United States has turned its attention to achieving the significant benefits of high-speed rail, including job creation, greater connectivity between communities, and emissions reductions,” says a Brightline West spokesperson…Final federal approval of the Brightline West project would allow it to seek funding through the 2021 infrastructure package, which includes money for high-speed rail.

 

Why wait? Colonial Surety will speed up your building business today via The Partnership Account®. In addition to giving qualified construction companies a surety line of credit in writing, The Partnership Account® provides construction company owners a wide range of helpful—and free—features and benefits, including:

 

  • Control of bidding and bonding, online and in real time.
  • Powers of attorney to seal and issue your own bid bonds—in minutes.
  • Fast, direct, confidential bid bonds—no middleman.
  • Direct access to performance and payment bonds on a customized dashboard.
  • Real time tracking of bids and work on hand.
  • Immediate access to Colonials lead underwriter as new opportunities emerge.
  • A private Owners Dashboard to view surety lines, adjust work on hand, analyze bids—and drive growth.

 

Learn More and Pre-Qualify for The Partnership Account® Here.

 

Speed’s In Style Everywhere

The “Los to Las” project is not the only speedy train project happening in California. With operation from San Francisco to Los Angeles slated to begin in just over 10 years, the country’s first high speed long-distance rail line currently has 35 active construction sites in California’s Central Valley. The ultimate goal? Bullet trains moving passengers from San Francisco to Los Angeles in under three hours.

 

 

Not to be outdone, the East Coast is hoping to speed up travel on the Interstate 95 corridor with a superconducting magnetic levitation train that could move passengers along at speeds of 311 miles per hour. The New York-New Jersey region is trying to pick up the pace too. The New York Times reports that several important projects are likely to advance with help from the federal infrastructure funding. Anticipated builds include the long awaited extension of Manhattan’s Second Avenue subway line (aka the Q Train) to East Harlem, and construction of a new rail tunnel connecting New York and New Jersey.

 

Maybe soon we’ll all be moving faster than previously imagined? Want to pick up the pace at your company? Colonial Surety is here to help. We underwrite construction companies based on the power of their financial statements, giving qualified builders power of attorney to issue their own bid bonds, and more. Let’s think big—and act fast—together. Complete the pre-qualification for your written surety-line of credit and The Partnership Account® services today—and receive, for free, Dun & Bradstreet scores. Pre-Qualify and Get Free Scores Here.

 

Founded in 1930, Colonial Surety Company is a leading direct seller and writer of surety bonds and insurance products across the USA. Colonial is rated “A Excellent” by A.M. Best Company and U.S. Treasury listed.