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Rail News: High-Speed Rail
Texas Central names financial advisers for bullet-train project
Texas Central has selected Citi and MUFG to serve as the high-speed rail developer's financial advisers and lead capital-raising activities.
Citi and MUFG will assist in securing the financing across debt and equity to finance Texas Central's effort to build a privately funded bullet-train service between Houston and North Texas, Texas Central officials said in a press release.
Citi will serve as the sole global coordinator and lead financial adviser, while MUFG will be a co-global financial adviser, they said.
This week's announcement is the latest step in the company's plan to build a high-speed rail service that will connect North Texas, the Brazos Valley and Houston in a 90-minute trip.
Contact Progressive Railroading editorial staff.