Texas Central enters agreement for engineering and pre-construction work

Written by Jenifer Nunez, assistant editor
image description

Texas Central Partners entered into an agreement with Dallas to Houston Constructors (DHC), a joint venture between Archer Western Construction and Ferrovial Agroman US Corp. (FAUS), that includes engineering and pre-construction work valued at $130 million.

The agreement will advance the proposed high‐speed passenger train between North Texas and Houston.

Texas Central initially heard from more than a dozen design‐build construction firms. The two selected firm’s demonstrated technical expertise in the design, construction and maintenance of high‐speed rail, a history of results unparalleled in rail operations and significant construction experience in Texas, notes Texas Central.

Combined with the $75 million in capital raised from private Texas‐based investors, DHC’s in‐kind commitment means Texas Central has secured more than $200 million in capital and work product. That’s halfway to the approximately $400 million needed to be committed to the project before moving onto the final construction phase.

“The business venture pairs the best in global high‐speed rail construction expertise with the values of a century old family‐owned American business ‐ and builds on years of success in Texas. Both companies possess a deep understanding in resources for an undertaking of this magnitude,” explained Tim Keith, chief executive officer, Texas Central Partners. “This team is capable of handling the engineering and design work, cost estimation and pre‐construction analyses required in this current phase of the project that will establish the basis for an on‐time and on‐budget delivery.”

Tags: