A new high-speed rail project is gaining traction, having reached a 50% milestone in development capital this month and will move forward with engineering and pre-construction with the announcement of its design-build development partnership.
Texas Central Partners—a private Texas-based company behind the development of the railway and associated facilities—on Oct. 20 announced an agreement with Dallas to Houston Constructors (DHC), a joint venture between Archer Western Construction and Ferrovial Agroman US Corp. (FAUS), that will provide work valued at $130 million on the rail project. DHC has no equity or ownership stake in the project and will not be involved in land acquisition. The joint venture will conduct the engineering, cost estimation and pre-construction work during the project’s ongoing development phase.