Tags: rail | high | speed | texas

$10 Billion Bullet Train on Track in Texas

Thursday, 10 May 2012 09:46 AM

By Robert Engler

An international investment group plans to put up $10 billion to build a 220-mph bullet train connecting Dallas and Houston, according to the Fort Worth Star-Telegram.
 
The investors, led by Central Japan Railway Co., say they will not seek any state or federal funds to operate the high-speed rail line, which could be running by 2020, the Star-Telegram reported Wednesday.

Instead, the group plans to recover its investment through rider fares, which would be competitive with the cost of air travel between the two cities.

“It is a highly capital-intensive project, but we believe it is commercially viable,” said former Harris County Judge Robert Eckels, one of several Texans in the group and president of Texas Central Railway, a Japanese-U.S. partnership.

The Dallas-to-Houston, high-speed line would be the first in the United States capable of the triple-digit speeds that trains in Europe and Asia reach.
Amtrak’s Acela, the fastest passenger train in the United States, reaches a maximum speed of 68 mph on its route between New York City and Washington, D.C.
 
The Texas partnership has started looking at potential routes connecting the two cities, which are about 250 miles apart, Eckles said.

“We’re in the process of doing the route studies, the environmental work, pooling the engineering work to determine the best route between Houston and Dallas,” he said.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

NBC News Renews Savannah Guthrie's Contract At 'Today' - Report

Sunday, 25 Jan 2015 22:41 PM

NBC News has signed Today co-anchor Savannah Guthrie to a new contract that is said to last at least three years, acco . . .

'Birdman' Tops SAG Awards, Redmayne Upsets Keaton

Sunday, 25 Jan 2015 22:05 PM

The backstage farce "Birdman" topped the 21st annual Screen Actors Guild Award, winning best ensemble cast, even though  . . .

Blizzard Expected for 250-mile Stretch of Northeast

Sunday, 25 Jan 2015 17:20 PM

A potentially historic storm could dump 2 to 3 feet of snow from northern New Jersey to southern Maine starting Monday . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved