SACRAMENTO – The California Infrastructure and Economic Development Bank (IBank) Board approved the largest bond request in its history today. A request to issue tax-exempt fixed rate revenue bonds in the amount not to exceed $3,250,000,000 for the benefit of Desert Xpress Enterprises for an eligible high-speed rail project in the County of San Bernardino was approved at today’s Board meeting.

SACRAMENTO (Oct. 15, 2019) – Throughout the month of October, the California Infrastructure and Economic Development Bank (IBank) will be celebrating more than 25 years of focused activity that has supported infrastructure financing, job creation and retention as well as contributing to the quality of life for Californians.