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JR Tokai fears high-speed US rail projects could get trumped

Dallas-Houston, New York-Washington lines face more uncertainty

Former U.S. Transportation Secretary Ray LaHood took a test ride on this train at JR Tokai's Central Yamanashi Maglev Test Line in Tsuru, Japan. (Getty Images)

NAGOYA -- Central Japan Railway is involved in two high-speed rail projects planned for the U.S., but a pair of looming hurdles could slow things down -- just when things seemed to be moving forward.

Obtaining the funding for a privately financed high-speed rail between Dallas and Houston has always been a huge challenge.

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