Posted Jul 24, 2015, 9:44 PM
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Moderator
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,383
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http://www.houstonchronicle.com/news...on-6400673.php
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Originally Posted by Houston Chronicle
High-speed rail backers say they have $75 million for planning
project to connect Dallas and Houston by bullet train has taken a major step forward.
Texas Central Partners, which aims to build a bullet train between Texas' two biggest cities, announced Wednesday they had raised $75 million in private investments in the company's first round of fundraising.
That funds are intended to allow the ambitious $10 billion project to move forward from feasibility studies to development planning.
The company also hired a new CEO: Tim Keith, former CEO of RREEF/Deutsche Bank Infrastructure Investments.
"It's an enormous boost for the project. The first capital to raise is the hardest to raise," he said in an interview. "It's a terrific day for me but it's a historic day for the project and for Houston."
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