SURFACE TRANSPORTATION BOARD APPROVES NEW RAIL LINE

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>From the Surface Transportation Board, Washington, D.C.
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The Surface Transportation Board today approved the building of a 190-mile
high-speed passenger rail link between Las Vegas and Southern California.
The line would allow DesertXpress Enterprises, LLC to provide a rail
alternative to driving and flying.


                                        The construction of a new railroad
                                        line requires prior Board approval.


                                        The approval is conditioned on
                                        DesertXpress implementing 146
                                        environmental mitigation measures
                                        recommended by an Environmental
                                        Impact Statement approved by the
                                        Federal Railroad Administration
                                        with input and expertise provided
                                        by the STB.


                                        The proposed passenger line would
                                        run along the Interstate 15
                                        freeway, with stations at
                                        Victorville, Calif., and Las Vegas.
                                        There are no planned at-grade
                                        vehicle or pedestrian crossings.
                                        The project would reduce air
                                        pollution, fuel consumption and
                                        congestion along the busy I-15
                                        corridor.


                                        The decision in the case,
                                        DesertXpress Enterprises, LLC and
                                        DesertXpress HSR
                                        Corporation—Construction and
                                        Operation Exemption—In Victorville
                                        Cal. And Las Vegas,
                                        Nev.( http://www.stb.dot.gov/decisions/readingroom.nsf/WebDecisionID/41791?OpenDocument )

                                        , STB Docket No. FD 35544, can be
                                        found on the Board's website,
                                        www.stb.dot.gov. The Board held an
                                        oral argument in a related case on
                                        Oct. 27, 2009 and affirmed its
                                        jurisdiction over the project in
                                        DesertXpress Enterprises,
                                        LLC—Petition for Declaratory Order,
                                        STB Docket No. FD34914.
                                        -----------------------------***-----------------------------

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