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Texas High-Speed Rail Project Secures $300 Million Loan
Governing: Texas Central Partners has secured a $300 million loan to continue its pursuit of a new 240-mile high-speed rail route from downtown Dallas to Houston.
The company said it will use the financing to move ahead on permitting, design and engineering on what would be the first high-speed rail in America.
The loan is backed by Japanese sources, including the nation's only public-private fund that specializes in overseas infrastructure. Texas Central plans to use Japanese Shinkansen technology for its bullet train.
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