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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.

PROJECT TIMELINE

  • 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

RENDERINGS

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