Texas Central Partners, the private company that will develop the high-speed passenger railway and associated facilities between Houston and Dallas/Fort Worth, has announced an agreement with Dallas to Houston Constructors (DHC), a joint venture between Archer Western Construction and Ferrovial Agroman US Corp. (FAUS), that will provide work valued by Texas Central at $130 million.
The agreement marks a key step in advancing the proposed the 386 km long high-speed passenger train between North Texas and Houston and underscores the attention the project is attracting from companies interested in having a role its development.
Combined with the $75 million in capital raised from private Texas-based investors previously announced in July, DHC’s in-kind commitment means Texas Central has secured more than $200 million in capital and work product. That’s halfway to the approximately $400 million needed to be committed to the project before moving onto the final construction phase.
Texas Central will be technologically benefited from Central Japan Railway Company (JRC) to deploy an “N700-I Bullet” high-speed rail system based on JRC’s “Shinkansen” system.