(WBAP/KLIF)- The Texas high speed train reached another milestone toward completion after developers announced financial advisers for the project.
The first of it’s kind high speed 90 minute train that’ll take passengers from DFW to Houston is set to begin construction next year.
Tim Keith with Texas Central, the company that’s developing the train announced Citi and MUFG will be the lead financial advisers for the project, which won’t raise local taxes.
“Because it sponsored by investors, there’s no tax payer dollars at risk as we develop the system and go through the permitting process,” Keith said.
Keith said with the train being the first of it’s kind in the United States, it’ll have a positive and lasting impact on the state’s economy, create new jobs and create more tax revenue.
it’s a ground breaking opportunity for Texas, we’re uniting Dallas/Fort Worth and Houston which combined is a $1.1 trillion economy representing about 5% of the U.S population,” Keith said,
Keith said it’s a safe , reliable and productive transportation alternative.
