DALLAS--(BUSINESS WIRE)--Marking a major milestone in support of a first-of-its-kind high-speed train, Texas Central announced today it has engaged Citi and MUFG as financial advisers and to lead its capital-raising activities.
Texas Central, which is developing the high-speed line between Houston and North Texas, said Citi will serve as sole global coordinator and lead financial adviser and MUFG as co-global financial adviser. Citi and MUFG will assist in securing the financing across debt and equity to finance the project.
ABOUT TEXAS CENTRAL
Texas Central is developing a new high-speed train that will connect North Texas, the Brazos Valley and Houston, using proven, world-class technology. The 90-minute trip will provide a safe, reliable and productive transportation alternative. The company’s market-led approach is backed by investors, not government grants, a new business model for infrastructure advances. Texas Central and its affiliated entities will be responsible for the systems design, finance, construction, operation and maintenance. See more at www.texascentral.com.