Privately funded high-speed rail developer Texas Central has signed on Spain’s Renfe as “early operator” of its proposed 236-mile line linking Dallas and Houston. Securing funding is next, the company reported July 14.
Privately funded high-speed rail developer Texas Central has signed a $16 billion “final agreement” with Italian firm Webuild Group and its U.S. subsidiary Lane Construction Corp. to build its 236-mile line connecting Dallas and Houston. Funding, however, is still yet to be secured.
The long-simmering controversy over high-speed rail (HSR) continued during a May 6 hearing before the House Subcommittee on Railroads, Pipelines and Hazardous Materials. Its theme: “When Unlimited Potential Meets Limited Resources: The Benefits and Challenges of High-Speed Rail and Emerging Rail Technologies.”
Texas Central says that the $20 billion project is now “shovel ready,” and following collaboration with the federal government, the State of Texas and a team of experts, it is ready to