For an update about the Texas HSR corridor between Houston and Dallas, the developers have come down to three possible routes but are waiting for an environmental study to be complete. As for funding, here is the news:
According to the TCR CEO, Richard Lawless, the Japan Bank for International Cooperation participated in “an exhaustive study” of the Dallas-Houston line and is willing to back the project. It’s expected to provide up to half the debt financing for the Texas line, with “extremely attractive” interest rates, he said. The loan could be $3.5 billion or higher, depending on the final costs and debt-to-equity structure. (This is as of November 2014) The bank also has the authority to throw in an equity investment in high-speed rail, a provision that was adopted in 2012, he said.