Webuild, Lane, Kiewit nab $17B total in Texas high-speed rail contracts

Kennith Bogan

Dive Brief:

  • Below a $16 billion agreement signed this 7 days, Italian contractor Webuild and its U.S. subsidiary Lane Construction have been selected to develop a substantial-speed railway between Dallas and Houston. The challenge with private developer Texas Central Railroad will link the two cities in 90 minutes, which include a cease at Brazos Valley near Texas A&M College. 
  • Dependent on Central Japan Railway’s Tokaido Shinkansen system, the railway will carry tourists at speeds of up to 200 mph, more rapidly than any other rail services in the United States, according to Texas Central.
  • Construction will consider 5 to 6 decades and will start out as shortly as Texas Central has finalized all pre-building permits, according to the company’s internet site. Full expenditures for the project will be close to $20 billion, which includes the building of the lines, tracks, viaducts, berms, routine maintenance facilities, energy substations and
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