Plans for the high-speed rail are shaping up enough that ideas have surfaced as to where the Dallas-area station should be. And TEX Rail rolled past a big obstacle this spring when a key agreement was reached with Dallas Area Rapid Transit.
High-speed rail
The sleek, 200-mph rail comes with a high price tag — roughly $7 billion. The Central Japan Railway, which has two offices in Texas and one in Washington, D.C., under the name Texas Central Railway, plans to foot the entire bill.
"We've been told by the Japanese that it will be 100 percent privately financed," said Tom Shelton, senior program manager at the North Central Texas Council of Governments. "The consortium they have — it's a who's who. They have the financial wherewithal to finance the project. It's all the Japanese electronics conglomerates, everybody."
Tarrant County Commissioner Gary Fickes said he has been working to bring high-speed rail to Texas for eight years. He belongs to an advocacy group, Texas High Speed Rail and Transportation Corp., and also sits on the Regional Transportation Council, which oversees transportation funding, planning and coordination.