Texas high-speed rail project names new CEO; gets $75 million boost

Written by Jenifer Nunez, assistant editor
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The Texas Central Partners (Texas Central) Board of Directors has appointed Tim Keith as the new chief executive officer for the organization effective immediately.

 

Texas Central also closed a round of development funding that brings $75 million dollars in new capital, all from Texas-based investors. The offering was oversubscribed and the funds will be used to support ongoing development activities. Texas Central is the private, Texas-based and Texas-led development company that will construct and operate Texas’ first high-speed passenger railway between North Texas and Houston, as well as the terminal stations and surrounding development.

Keith will be responsible for leading all aspects of the system’s finance, development, construction and eventual operations. He will also develop and implement Texas Central’s vision for high-speed rail in Texas and serve as the primary interface between internal operations and external stakeholders.

He was selected from a number of potential candidates because of his nearly 25 years of financial and operational experience in large real estate and infrastructure projects. He was formerly the global chief executive officer of RREEF/Deutsche Bank Infrastructure Investments, where he managed the worldwide operations of the firm’s infrastructure funds management businesses. He had a 10-year career with RREEF/Deutsche Bank, a New York-based global alternative asset management firm, where he held various senior executive positions and served on the firm’s Global Executive Committee.

“Texans are ready for high-speed rail and I’m excited to help lead and deliver this transformational project that will create new Texas jobs and provide an additional transportation solution between the two largest regions in Texas,” said Keith. “This project is another step in the long history of Texas leading the way nationally. I am excited to work with this group of visionary Texan investors who are putting their money and support behind the project.”

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