Company announces $14 billion deal to build Texas Bullet Train
A planned high-speed rail line between Houston and Dallas reached another milestone Friday as the sponsoring company announced a $14 billion deal to build it — as soon as it obtains the authority to do so.
Texas Central, the private company developing the Texas Bullet Train, announced it had signed a deal with Salini Impregilo, the Italian construction giant, and its American subsidiary, Lane Construction, to design, construct and install the 240-mile high-speed rail line using Japan’s Shinkansen trains.
“This agreement brings us one step closer to beginning construction of the civil infrastructure segments of the project,” Texas Central CEO Carlos F. Aguilar said in a statement.
The deal is valued at $14 billion and is contingent on a number of factors and decisions, ranging from federal approvals to raising billions from private investors. Still, the announcement is the most concrete step toward construction of the train — expected to whisk travelers to and from Houston and Dallas in 90 minutes with a stop in the Brazos Valley.
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