HI-SPEED RAIL GETS $300-MILLION FROM JAPANESE SOURCE

  

Texas Central Partners has secured a $300 million loan from Japanese sources for the proposed high-speed rail project.

The Dallas Morning News reports that the company will use the funds to move forward with permitting, design and engineering of the system that will provide service from Dallas through Central Texas to Houston.

The report says Texas Central plans to use Japanese high-speed rail technology for the privately-funded project.

Work on the $15 billion system could begin as early as next year and the train could be in operation as early as 2024.

The train, traveling at speeds of 240 miles per hour, would make the trip from Dallas to Houston in 90 minutes with one stop in Grimes County.

The Texas Commission on Environmental Quality and the Federal Railroad Administration are both studying the project.

 

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6 Comments

  1. For anyone concerned, State Representative Leman has served for years as leader of Texans Against High Speed Rail, which has a website and holds meetings against this planned train project.

  2. Economic development has come a long ways since 1945. Economic development has changed the profile of our Texas farms in our neighboring county. Brenham Economic development continues to buy more farmland and give new industry tax cuts. As our town and farmland changes; I bet we will get a high speed train or a six lane highway from foreign loans. Government incentives has really changed the free enterprise system that I learned about at Blinn College in 1952 and what my entire career succeeded on. Best of luck to my grandchildren. I hope you are able to hold into the family farm and hopefully foreign investors don’t put a train through the middle of it.

  3. On the bright side it will either scare the feral hogs from that area OR we will see what happens when a 300 pound feral hog gets hit at 240mph ! You have to have boots on the ground to know this. I bet no study took this into consideration.

    1. I’m sure you’re right; engineers that design thousand-ton trains that move at nearly 300mph while levitating are probably right out of college and don’t have any kind of experience with anything. I know the last time I went to an investor and asked for $300 million, they didn’t ask a single question, just handed it over.

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