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Japan to Plow $40 Million Into Plans for Texas High-Speed Rail

A Japanese government-backed fund intends to spend about $40 million to support a high-speed rail project being advocated in Texas, adding to support from Japan Central Railway Co.

Japan Overseas Infrastructure Investment Corp. won approval from the transport ministry to spend the funds, according to a Nov. 21 statement on the ministry’s website. The money will be spent through the Texas Central Partners, a private group set up to develop a high-speed line between Houston and Dallas that would link two of the state’s biggest commercial hubs in 90 minutes.