Charitable foundations established by Microsoft chairman Bill Gates and Dell Inc. founder Michael Dell are combining to donate $55 million toward a massive statewide project to redesign and improve Texas high schools.

Gov. Rick Perry on Nov. 12 announced the $130 million "Texas High School Project" initiative, which calls for restructuring or building high schools in the state's 140 districts, mostly in minority or low-income areas.

"It's one of the largest public-private efforts of its kind aimed at improving public schools, and it couldn't have come at a better time,"

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