Wednesday, March 05, 2014

TEX Rail gets $50 million boost

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Fort Worth's TEX Rail regional passenger rail project will benefit from $50 million budgeted in its fiscal year 2015 budget, Fort Worth Transportation Authority ("The T") said Tuesday, March 4, 2014.

Fort Worth Transportation Authority Chairman Scott Mahaffey, in announcing the package, said. "We are gratified and excited that the TEX Rail project has been designated for $50 million in funding next year. This is a true reflection of our partnership with the Federal Transit Administration and the diligent work of The T's staff."

Mahaffey acknowledged the strong support for the project from the Texas cities of Forth Worth and Grapevine, along with other stakehlders. "They are the key to our continuing with this important project. This vital commuter rail project will connect downtown Fort Worth with Grapevine and DFW Airport. This is an important partnership milestone for the region," he said.

The TEX Rail project would establish a 27-mile route linking Fort Worth, DFW, and Grapevine east along the old Cotton Belt route. The right-of-way is largely owned by Dallas Area Rapid Transit (DART), which is assisting The T in its efforts.

Last month The T named Paul J. Ballard its new president and CEO, succeeding Dick Rudell, who retired from his position as president and executive director Oct. 4, 2013.