Texas Central or Texas Central Partners, LLC is a private company that is developing a high-speed rail line between Dallas/Fort Worth and Houston. It plans to use proven technology based on that used by the Central Japan Railway Company. The company plans to use trains that are based on the N700 Series Shinkansen, and has indicated that the journey time would be less than 90 minutes. The company has indicated that service on the line could start as early as 2020, and it would therefore become the second high-speed rail line in North America.
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Company details
The company is working with the Federal Railroad Administration (FRA) and TxDOT to develop the Environmental Impact Statement required by NEPA.
The CEO is Mr Tim Keith, and he is responsible for the company's finance, development, construction and eventual operations.
In July 2015 the company announced that they had secured $75 million of private funding to allow the project to move forward from feasibility studies to development planning.
In December 2015 the company announced that it had appointed three new executives to help develop the project, all of whom will report to the CEO Tim Keith. Three appointments are as follows:
- Managing Director, External Affairs - Holly Reed. She was previously Regional vice president of external affairs for AT&T.
- Chief Finance Officer (CFO) - Lori Willox. She is a certified public accountant, and was previously a Senior vice president and CFO for Balfour Beatty's Central region.
- Managing Director, Design-Build Program - Doug Jones. He has been in the construction industry for 38 years and was previously with Balfour Beatty Construction in Dallas.
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Route
On August 10, 2015 the U.S. Department of Transportation and Federal Railroad Administration issued a report that supported the so-called utility corridor for the line.
Entering the Houston area, the train line would run parallel to U.S. 290, Hempstead Highway and a freight rail line, before entering near downtown Houston.
In addition to stations at each end of the line, a station is also planned for unincorporated Grimes County, Texas, in order to serve nearby Texas A&M University (the state's largest). However, Grimes County has opposed the project.
Potential expansion
It has been speculated that there would be a second phase of the project to link Austin and San Antonio, but the company has only stated that the initial project will " ... create a backbone for future expansion into other cities."
Source of the article : Wikipedia
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