Digest: MBTA runs first test of new Red Line equipment

News Wire Digest third section for Aug. 13: Investors express reservations about bonds for Las Vegas rail project; CP to install solar farm at Calgary headquarters
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Thursday afternoon rail news:

MBTA runs first tests with new CRRC subway cars
The Massachusetts Bay Transportation Authority has begun testing of the first trainset of new equipment for its subway Red Line. The equipment, built by an affiliate of Chinese manufacturer CRRC at a plant in Massachusetts, ran for about three hours on Wednesday, the Boston Globe reports. The first cars in the 252-car order should begin running this year, with all in service by 2023.

Report: Investors question appeal of bonds for Las Vegas high speed rail project
Potential investors are expressing reservations about Brightline’s efforts to fund its proposed high speed train between Southern California and Las Vegas with private activity bonds, Bloomburg reports — even those who have previously invested in the company’s efforts. John Miller of Noveen LLC, which holds about $1.4 billion of the bonds for the company’s expansion to Orlando, Fla., told Bloomburg the company should first “get more detail and more accomplishment in Florida … If that were to occur successfully, I think the whole marketplace would then be a lot more excited about Victorville to Vegas.” Another investment manager said the project has “a lot of negatives,” while a third noted the COVID-19 pandemic raises questions about how people will interact. The company is attempting to raise $4.2 billion through the bond market.

CP will power Calgary headquarters with solar farm
Canadian Pacific will install a solar energy farm at its Calgary headquarters, and says the project will generate more power than the headquarters building consumes when it is complete in early 2021. The installation will cover 500 parking spaces and more than 12 acres, generating up to 5 megawatts of electricity and avoiding an amount of carbon emissions equal to taking approximately 570 cars off the road. “We recognize the importance of sustainability and are excited about the future in this space,” CP CEO Keith Creel said in a news release. “This innovative project will see us run our headquarters building on 100 percent locally produced renewable electricity, something not many companies can say.”

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