An international investment group plans to put up $10 billion to build a 220-mph bullet train connecting Dallas and Houston, according to the Fort Worth Star-Telegram.
The investors, led by Central Japan Railway Co., say they will not seek any state or federal funds to operate the high-speed rail line, which could be running by 2020, the Star-Telegram reported Wednesday.
Instead, the group plans to recover its investment through rider fares, which would be competitive with the cost of air travel between the two cities.
“It is a highly capital-intensive project, but we believe it is commercially viable,”
Read more on Newsmax.com: $10 Billion Bullet Train on Track in Texas
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