Texas high speed rail passes major milestone with first fundraising announcement
A revolutionary project to connect Dallas and Houston by bullet train just took a major leap forward.
Texas Central Partners, which aims to build the nation's first bullet train between Texas' two biggest cities, announced Wednesday they'd raked in $75 million in private investments in the company's first round of fundraising. That money will 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."
Read more: http://www.chron.com/news/transportation/article/Texas-high-speed-rail-passes-major-milestone-with-6400089.php
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and the concept comes up every few years and sadly gets just as quickly shot down. 
