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A proposed rail project was introduced today by a representative of the Texas Department of Transportation, which would build and operate a high speed passenger train service between Los Angeles and Houston, to be funded by the States of California, Arizona, New Mexico, and Texas, and “private, non government entities”.  All development and construction costs would be borne by a Japanese corporation (the non government entity), at no cost to US taxpayers, upon the signing of a agreement that said corporation will have the exclusive contract to provide all new train sets, replacement rolling stock, and a service contract to maintain the equipment for a period of not less than 20 years.

The concerned States have 120 days to make a decision however, if any one of the States mentioned declines to participate, the Japanese would rescind their offer and the whole project would be scrubbed!

The representative of the Japanese conglomerate stated that the project could commence as soon as 30 days from the contract signing!

The only caveat the Japanese insisted upon is that Amtrak will have nothing whatsoever to do with this project now, or at any future date!

Anybody want to bet whether or not this project will ever see daylight?

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