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6/16/2021
The Lane Construction Corp. and its parent company and joint-venture partner, Webuild Group, have signed a final agreement worth $16 billion with Texas Central that marks the latest development in plans to build a high-speed rail line between Dallas and Houston.
The agreement consolidates the results of the planning and advanced design stages of the project, as well as actualizing its value, Lane officials said in a press release.
Under the final contract, Lane and Webuild will execute all heavy construction for the project. That work includes design and construction of all 236 miles of the alignment and the entire track system, as well as the buildings and services for maintenance and other equipment.
Much of the alignment is elevated and will benefit from Lane’s expertise in constructing bridges and viaducts to reduce impacts as much as possible on landowners and residents of the counties the project will traverse, company officials said.
Based on Central Japan Railway’s Tokaido Shinkansen system, the Texas Central train will travel up to 200 mph, bringing passengers to Houston or Dallas in less than 90 minutes, with a single stop at Brazos Valley near Texas A&M University.
Commercial rail service is expected to be fully operational in 2026, according to Texas Central’s project timeline.
"We are excited to be part of this historical project that will bring high-speed rail to the United States," said Lane President and Chief Executive Officer Mark Schiller. "It’s a true milestone for our country’s sustainable transportation infrastructure, and we are enthusiastic to bring 130 years of experience and expertise to the table as the contractor of choice to build it."