Citi and MUFG to lead global capital-raising efforts for Texas
- Private financing moves project ahead without government grants
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.