Texas Central Selects Financial Advisers for Privately Funded High-Speed Train Project
DALLAS--(BUSINESS WIRE)--Feb 21, 2019--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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190221005173/en/
CONTACT: Megan Frye
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: TRANSPORT RAIL TRAVEL OTHER TRAVEL CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Texas Central
Copyright Business Wire 2019.
PUB: 02/21/2019 08:03 AM/DISC: 02/21/2019 08:03 AM