Posts Tagged ‘Texas Central’

Texas Central Taps Renfe

October 11, 2018

Spanish company Renfe has been chosen to help operate a Texas high-speed rail service under development.

Texas Central said it has established a partnership with Renfe to operate the proposed service between Dallas and Houston.

Renfe will provide technical advice on design and construction and help Texas Central with operation and maintenance plans.

Another Spanish company, Adif, will help Renfe maintain equipment and signals, and oversee ticketing.

Renfe operates 5,000 trains daily on 7,500 miles of track in Spain.

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Texas Central Secures $300M Loan

September 17, 2018

The developers of a Texas high-speed rail passenger system have secured a $300 million loan.

Texas Central Partners will use the money to work toward getting permits for the rail line as well as engineering work.

A Dallas newspaper said the loan is being backed by financiers in Japan.

The 240-mile rail line would link Dallas and Houston and become the first privately owned high-speed train in the United States.

Texas Central has said it plans to use Japanese Shinkansen technology for the train.

“This is a loan to be paid back with interest,” the company said in a statement. “It does not change the train’s majority-Texan ownership.”

Texas Central has also received funding from investors living in Texas. The project is expected to cost between $12 billion to $15 billion.

Amtrak, Texas Central Reach Agreement

May 8, 2018

High-speed rail developer Texas Central has reached an agreement with Amtrak to use the latter’s reservation system once its high-speed Dallas-Houston system begins service.

In a news release, Texas Central said the agreement will allow for a through-ticketing option to better enable passengers to transfer between the two rail systems.

Texas Central also will be able to purchase such Amtrak services as training, marketing and sales.Construction of the Texas Central route has yet to begin.

The Federal Railroad Administration is working to complete a study of the proposed 240-mile route.

The FRA issued a draft environmental impact statement last December that is now the subject of a public comment period.

Amtrak ceased offering service between Dallas and Houston in 1995 when it discontinued a leg of the Texas Eagle.