Las Vegas Monorail Moves Forward with Financing
2000; American Society of Civil Engineers; Volume: 70; Issue: 12 Linguagem: Inglês
ISSN
2381-0688
Autores Tópico(s)Urban and Freight Transport Logistics
ResumoConstruction of an extension to Las Vegas's monorail is expected to begin by June 2001 now that the Nevada State Board of Finance has approved a $650-million, tax-free bond sale. The 3 mi (4.8 km) elevated guideway project will add five new stations to an existing 1 mi (1.6 km) system that runs between Bally's Las Vegas and the MGM-Grand casinos. The project also will update the existing monorail, which was completed in 1995. With the extension, the new monorail is expected to serve 19 million passengers in its first year of operation and will be the first privately financed mass transit system of its kind in the United States. It will be capable of transporting 3,200 passengers per hour in each direction. One-way fares will cost $2.50. The project is scheduled to be completed in 2004. Passenger fares and advertising revenue will be used to retire the debt.
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