Texas Central, the company that plans to build the Dallas – Houston HSR, announced the closing of a round of development funding that brings USD 75 million in new capital, all from Texas-based investors into the company.
The offering was oversubscribed and the funds will be used to support ongoing development activities. Texas Central will construct and operate Texas’ first high-speed passenger railway between North Texas and Houston as well as the terminal stations and surrounding development.
Texas Central and its affiliated entities will be responsible for the system’s design, finance, construct ion, operation and maintenance.
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