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THE TOP FIVE THINGS TO KNOW
1. ABOUT: Texas Central is the investor-led company undertaking the development, design, construction, finance, and operation of the innovative new high-speed passenger train line that will connect the fourth and fifth largest economies in the country, North Texas and Greater Houston, in less than 90 minutes, with one stop in the Brazos Valley. More here.
2. CONSTRUCTION: Construction will begin once Texas Central receives the necessary approvals from the Federal Railroad Administration. Texas Central anticipates reaching this milestone in 2020, with construction estimated to take 5-6 years.
3. COST: The project’s total investment is expected to be approximately $20 billion with the civil works estimated at $14 billion.
4. ECONOMIC IMPACT: The project will create an estimated 10,000 direct jobs per year during peak construction and more than 1,500 direct permanent jobs when the train is fully operational. Over the next 25 years, this project will have a direct cumulative economic impact of $36B. Additionally, as privately-owned infrastructure, it will pay taxes to the state, counties, local municipalities, school, hospital and community college districts as a result of the multi-billion-dollar infrastructure investment with 25% concentrated in rural areas.
5. THE TECHNOLOGY: JRC’s Series N700 Supreme rolling stock, the newest generation of Shinkansen high-speed trains, feature 16-car trainsets that operate between Tokyo and Osaka, Japan. To serve the Texas market, Texas Central anticipates an eight-car train with seating capacity for an estimated 400 passengers, and the room necessary to provide passengers with unparalleled comfort, amenities and service options they will expect and deserve.
- 2026: Commercial service fully operational
- 2025: Testing and commissioning period begins
- 2020: Federal approvals (EIS and RPA), construction starts
- October 2019: Business and Workforce Opportunity Policy announced
- September 2019: Construction build contract: Salini Impregilo, Lane Construction
- September 2019: FRA begins rulemaking for safety regulations (RPA)
- February 2019: Financial Advisors: Citi and MUFG
- May 2018: Joint ticketing agreement announced with Amtrak; Program manager: Bechtel
- December 2017: DEIS is released by FRA, final route and station locations selected
- February 2017: Milestone reached on land acquisition (30%)
- July 2015: First round of capital raised from Texas investors
- June 2014: Project EIS process begins
- May 7, 2020 — Texas’ Thirteenth Court of Appeals Rules in Favor of Texas Central
- March 30, 2020 — Texas Central Plans to Deal with COVID-19 and Project Financial Close
- September 13, 2019 — Texas Central Signs Design-Build Contract with Salini Impregilo to Build Texas High-Speed Train
- September 4, 2019 — Texas High-Speed Train Announces Major Step Forward with FRA Action on Rule of Particular Applicability
- April 8, 2019 — New travel study shows increased demand, ridership for Texas’ high-speed train
- March 5, 2019 – Texas Central’s high-speed train named top global infrastructure project
- February 21, 2019 — Texas Central selects financial advisers for privately funded high-speed train project
- February 4, 2019 — Texas high-speed train picks environmental partner to manage ‘green infrastructure’ projects along route
- October 10, 2018 — Texas Central names global railway company Renfe as its high-speed train operating partner
- October 04, 2018 — Texas Central Reaches Another Milestone With Addition of Salini Impregilo for Limited Notice to Proceed
- May 04, 2018 — Texas Central, Amtrak reach agreement to link Bullet Train and Amtrak’s interstate passenger network
- May 02, 2018 — Texas Central Names Bechtel Project Manager for Bullet Train
- February 5, 2018 — Texas Central picks preferred high-speed train passenger station in Houston
- January 29, 2018 — Texas high-speed train unveils passenger station in Dallas
ADDITIONAL FACT SHEETS
- Innovation powers the Texas Train — PDF
- Environmental Fact Sheet: High-Speed, Low-Impact — PDF
- Right Project, Right Time, Right Way — PDF
- DEIS Factsheet — PDF
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