Texas Central selects financial advisers for privately funded high-speed train project

Marking a major milestone in support of a first-of-its-kind high-speed train, Texas Central announced 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.