TEX Rail is expected to cost $758 million to construct. Officials at the T hope federal funding will cover half of that cost, with municipal and Tarrant County funding sources also contributing. Officials anticipate 18,000 daily riders by the year 2035.

Two stations in downtown Fort Worth to be served by TEX Rail already are used by Trinity Railway Express (TRE), a joint rail line supported by the T and Dallas Area Rapid Transit (DART) linking Fort Worth and Dallas. Both agencies are coordinating transfer capabilities at D/FW Airport, between TEX Rail and DART's own light rail transit service to the airport. 

A spokeswoman for the T told Railway Age, "The T was very pleased by the Federal Transit Administration's notification that it is now eligible to spend a $4 million federal grant toward our TEX-Rail Preliminary Engineering and related activities."