Long-delayed U.S. High-speed Rail Plans May Ride on Texas Express
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|With high-speed rail in the United States long on plans and short on construction, a Texas company is aiming to fast-track service between Dallas and Houston. Richard Lawless, chairman and chief executive officer of Texas Central Railway, a private company set up about four years ago to build high-speed rail said, "If we can’t do it in Texas, I don't know where in the United States you could do it." The Texas Central Railway Company plans to use private investment and Central Japan Railway bullet train technology to run a line between two of the largest U.S. cities. Company officials say service could begin in 2021. Lawless said the project, which has been estimated to cost $10 billion, will be financed through a combination of debt and equity.
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