Texas Central, the investor-led company undertaking the development, design, construction, finance, and operation of the innovative high-speed passenger train line that will connect North Texas and Greater Houston, has brought on Spain-based Renfe as the Early Operator for the project. Renfe is a 30-year operator of high-speed trains and is a central driver of Spain’s transport system.
Travel time for the line between Houston and Dallas Fort-Worth (DFW) is expected to be less than 90 minutes, with one stop in the Brazos Valley. Overall, the project will cost $20 billion and plans to be fully operational by 2026. The development of this rail system will provide immense value for the nearly 100,000 Texans described as “super-commuters” who travel back and forth between Houston and DFW more than once a week.
Renfe, the designated Early Operator of Texas’ high-speed train, will advise and consult on the final design, execution, construction, testing, and system commissioning. In its entirety, the $20-billion-dollar price tag includes the construction of the lines, tracks, viaducts, berms, maintenance facilities, power substations, and three passenger stations along the 240-mile route. The rail is expected to depart every 30 minutes during peak periods each day and every hour during off-peak periods.
The development of the Texas high-speed train is impressive, but is it safe?
Have no fear; Texas Central will utilize the world’s safest mass transportation technology, Japan’s Tokaido Shinkansen high-speed rail system. The Shinkansen system has operated in Japan for 50+ years with zero fatalities or operational failures.
The utility the Texas High-Speed Train will provide is one thing, but the economic impact is another. The project will create an estimated 17,000 jobs during its construction and 1,500 direct permanent jobs when the train is fully operational.
Projections show that over the next 25 years, the direct cumulative economic impact of the project will be $36 billion. Making the deal that much sweeter, as privately-owned infrastructure taxes will be paid to the state, counties, local municipalities, schools, hospitals, and community college districts because of the multi-billion-dollar infrastructure investment, 25% of which will be concentrated in rural areas.