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JOIN Provides Financing Support for the Development of U.S. Texas High-Speed Railway Project

On July 16 2020, Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN, headquartered in Tokyo, President & CEO: Tatsuhiko Takesada), through its special purpose vehicle (SPV), amended the Notes Purchase Agreement with Texas Central Rail Holdings, LLC (TCRH) to increase the available commitment thereunder from $300 million to $327.5 million, for the purpose of development of the Texas High-Speed Railway Project (Project), which entails connecting the two cities of Dallas and Houston in the State of Texas, United States.

The Project will use Japan’s high-speed railway technology based on the Tokaido Shinkansen system owned and operated by Central Japan Railway Company and JOIN will continue to support the development of this Project through, amongst others, this financing.

JOIN, through its equity investment and financial support in overseas infrastructure projects, will continue to support Japanese companies to enter into or expand their presence in the overseas infrastructure market, and, amongst others, Japanese operators and manufactures to expand their business opportunities outside of Japan.
 

JOIN Provides Financing Support for the Development of U.S. Texas High-Speed Railway Project