A Nevada company is on the verge of landing a 4-point-9 billion dollar loan from the Obama administration to build a high-speed train that would rocket tourists from the middle of nowhere to the casinos of Las Vegas.

AP correspondent Ross Simpson reports:

Planners for privately held DesertXpress imagine that millions of travelers a year will one day flock to a station near Victorville, on the edge of the Mojave Desert.

A decision by the Federal Railroad Administration is not expected until mid-year.