Noncarrier holding company Tarantula Corporation finalizes its acquisition of all Texas Central Railroad stock from Birdsong Corporation. Also, Genesee & Wyoming’s New England Central Railroad (NECR) and Rapid City, Pierre & Eastern Railroad (RCPE) celebrate their 30th and 10th anniversaries, respectively.
During a recent interview, the CEO of the Texas Central high speed rail project did not shed much light on progress. Instead, there appears to be more fog developing.
Privately funded high-speed rail developer Texas Central has signed on Spain’s Renfe as “early operator” of its proposed 236-mile line linking Dallas and Houston. Securing funding is next, the company reported July 14.
Privately funded high-speed rail developer Texas Central has signed a $16 billion “final agreement” with Italian firm Webuild Group and its U.S. subsidiary Lane Construction Corp. to build its 236-mile line connecting Dallas and Houston. Funding, however, is still yet to be secured.
