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).
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Texas Central will use the funds for permitting, design and engineering.
Construction is expected to launch sometime in 2019.
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