This is a first of its kind project where privately-developed infrastructure will be funding other public infrastructure. More than $1 billon will be invested in Grimes County, home of the project's Brazos Valley stop, resulting in more than $50 million in additional tax revenues to the County over the next 25 years. While the benefits to schools would be felt statewide, all counties along the route would receive significant, long-¬term benefits during and after construction of the landmark project. Take this into consideration: the project’s estimated school taxes alone could provide enough funds to pay the annual salaries for 13,000 teachers, buy 8,500 school buses, or buy more than 600,000 new iMacs for classrooms. “The project will also benefit other transportation industries in the state such as the freight and trucking industries through increased movement of materials and goods to supply the construction needs,” he said.Īlso, an estimated $2.5 billion in taxes will be paid to schools, cities and counties along the more than 240-miles of track.
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Meaders believes companies involved in the construction phase will also benefit greatly. This is an unprecedented multi-billion-dollar private investment in the future. The construction and operation of the Texas Central high-speed rail is expected to generate more than $36 billion over the next 25 years - roughly the economic equivalent of 180 Super Bowls.
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The high-speed rail project will boost the economy and add revenue to the state, local and county coffers. “The project, once completed, will also provide a safe and time-efficient option for commuters to travel between Dallas and Houston, two cities that have added more people than any other area in the country in recent years, according to the U.S. The Texas Central high-speed rail will give riders the chance to decide: “Do I want to sit in traffic or would I rather travel comfortably and arrive in 90 minutes.”Ī vice president for the planning, engineering and program management firm Lockwood, Andrews & Newnam, Inc., Philip Meaders, agrees. This increase in travel time includes all planned improvements and increased highway capacity. A 2010 study of intercity travel estimated that the average travel speeds of approximately 60 mph along the Interstate 45 corridor would drop almost 35 percent to 40 mph – making for a 6.5-hour drive between North Texas and Houston. A Texas Department of Transportation study estimates the sometimes four-hour commute could take up to 6.5 hours by 2035. Reduces Congestion: Travelers will leave traffic and airport congestion behind and can avoid highway construction. This project is a model for how privately built infrastructure can provide significant and long-lasting benefits. It’s a private venture that will not take federal construction grants or public subsidies for operations.
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Transportation Solution/Private Venture: The Texas Central project is an innovative and transformational solution providing a safe, clean and convenient alternative. The benefits are significant, marked by these highlights: Enter the Texas Central high-speed rail project – a state of the art high-speed passenger rail system that will move people between Texas’ two largest economic powerhouses – North Texas and Houston.
Texas high speed rail route drivers#
Super commuters and other drivers want another solution to Texas’ traffic-clogged highways. That number will increase as the growth in Texas continues to climb. They are known as “super commuters” – the nearly 50, 000 people traveling back and forth between the two cities at least once a week. Texas Central will deploy Central Japan Railway Company’s (JRC) “N700-I Bullet” high-speed rail system (pictured) based on their “Shinkansen” system that has been refined over more than 50 years of operation.Īsk commuters who drive between Houston and Dallas almost every day and see what they have to say.