High speed rail in Texas is one step closer to becoming a reality.
Texas Central, the company implementing the high-speed train between Houston and north Texas, announced it has secured a loan of up to $300 million.
It comes from the Japan Overseas Infrastructure Investment Corp. for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC).
RELATED: 90-minute trip to Dallas could be a thing
Texas Central will use the funds for permitting, design and engineering.
Construction is expected to launch sometime in 2019.
SEE MORE: History of Texas bullet train project
