Texas Central receives $300 Million loan from Japanese

September 13, 2018
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By BRIANNA GURCIULLO, With help from Tanya Snyder, Politco Morning Transportation; September 13, 2018

FIRST IN MT: Two Japanese entities have given U.S. company Texas Central a $300 million loan for a high-speed rail route between Dallas and Houston. “Texas Central will use the funds to move ahead on permitting, design and engineering, as well as other early works needed to launch construction during 2019,” the company told MT. “This interest-bearing loan, along with the equity provided to date — the majority coming from Texas entrepreneurs — will provide enough funding for all activities required” before construction. Texas Central expects the project to cost about $15 billion.

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