Texas Central Bullet Train Project Secures a $300 Million Loan

Texas Central, the company that has been planning to build a bullet train between Houston and Dallas, has announced it has secured a loan of up to $300 million for the project.  According to Texas Central, the funds will be used to move ahead on permitting, design and engineering, as well as other preliminary work on the project.  Texas Central has stated it intends to launch construction in 2019, although there are still several pending legal challenges to Texas Central’s claim that it has the power to condemn.

Link: https://www.wfaa.com/article/news/texas-central-secures-loan-of-up-to-300-million-for-bullet-train/287-594413380