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 some fog developing.
Carlos Aguilar, CEO of Texas Central, was recently interviewed on the Y’allitics podcast and said a lot is dependent on the passage of the $1 trillion infrastructure bill. He also was not sure ground will be broken in the next six months, even though the target start date all along has been the end of 2021 or beginning of 2022.
The total cost will be $24 billion, but Aguilar is hoping $12 billion in federal loans can be secured for the private venture project. The infrastructure deal would make the loans available.
Aguilar added that it is ambitious to think construction will begin in the next six months. In fact, he put the chance at 50-50. Forty percent of the land needed for the project has been secured, and the remaining will be negotiated when financing is complete. The first 50 miles of track will connect Dallas to the south to allow engineers to conduct tests.