Texas bullet train rival blasts Japanese funding for $15B project

A French competitor of the company trying to build the bullet train between Dallas and Houston is attacking Dallas-based Texas Central Rail for securing a $300 million loan with Japanese backing for the company’s proposed project.

SNCF America Inc., the Maryland-based arm of the French national railway company, released a prepared statement Monday questioning whether Texas Central can build a high-speed rail line without public money. Texas Central, a private company, has long said it will not…

[source: http://feeds.bizjournals.com/~r/bizj_dallas/~3/89cyv7PKcEQ/texas-bullet-train-rival-blasts-japanese-funding.html]