PR92294

DALLAS, Oct. 14, 2021 /PRNewswire=KYODO JBN/ --

-- With approvals and permitting from the U.S. Department of Transportation's

Federal Railroad Administration (FRA) and State of Texas, terminal development

is the next step.

Texas high-speed rail investors today announced their intention to form an

entity that will develop train stations in Dallas, Houston and Grimes County

near College Station, where the permitted high-speed rail line terminals will

be located. The entity will be known as Texas High-Speed Rail Station

Development Corporation, "SDC." This entity is independently owned by a

consortium of Texas investors and separate from Texas Central.

Cadiz Riverfront Holdings and Cadiz Development Houston LLC will form SDC and

be led by John Kleinheinz and Jack Matthews. The group owns approximately 52

acres in the Cedars neighborhood just south of downtown Dallas; approximately

45 acres in Houston formerly known as the Northwest Mall and approximately 59

acres in Grimes County near College Station. The parcels of land owned by this

group include the sites of the future Texas high-speed rail stations, as

approved by Federal and State authorities and the surrounding developable

acreage.

Very few investments move performance measures to this magnitude and across so

many independent policy-focus areas. The all-electric, high-speed train will

result in these projected benefits by 2050:

    -- Using less land: 28 times less land than a similar highway, 17

       acres/mile vs. 468 acres/mile.

    -- Saving lives: 10 billion passengers without a single operational

       accident or fatality in over 57 years vs. I-45, the highway with the

       greatest number of fatalities per mile in America.

    -- Reducing CO2 emissions: 8 times less CO2 emissions per seat vs.

       airplane.

    -- Reducing total greenhouse gases: 4.5 million tons by 2050 vs. current

       air and car traffic.

    -- Reducing congestion: 86M cars removed from I-45, over 12,500/day, in

       year one.

"Our high-speed rail project connecting Dallas and Houston will be as

transformational to Texas as DFW Airport was to the region when it was opened

in 1973," said John Kleinheinz, investor. "Texas Central will be the blueprint

for national high-speed rail, a solution for environmentally efficient

transportation. As this first high-speed rail project comes online, Texas is

positioned to lead in discussions about a national rail strategy with the local

and federal stakeholders."

"Texas Central is moving toward a consensus on how to finance their technology

deployment along the Dallas/Houston corridor. The U.S. and Japanese governments

have an excellent, long-term history of working together on strategic projects

and we are optimistic they will reach a mutually beneficial understanding.

These station assets will be an integral part of the system when financing for

the Tokaido Shinkansen system is finalized. If a solution involving the

Shinkansen system cannot be reached, our station sites will be used to make

sure high-speed rail comes to Texas and integrates with the rest of the nation,

using the best technology offered," Kleinheinz continued.

"We have invested substantial time and energy to advance high-speed rail

between Dallas and Houston and Grimes County near College Station, we do not

intend on missing this opportunity for the people of Texas." said Jack

Matthews, developer and investor. "To keep this positive momentum, we will

begin discussions with various third parties who have successful experience

with high-speed rail."

ABOUT TEXAS HIGH-SPEED RAIL STATION DEVELOPMENT CORPORATION (SDC)

SDC will develop the parcels of land owned by Cadiz Riverfront Holdings and

Cadiz Development Houston LLC, which includes the sites of the future Texas

high-speed rail stations, as approved by Federal and State authorities, and the

surrounding developable acreage. SDC will undertake planning, designing,

development, construction, improvement, commissioning, operation, maintenance

and funding of the terminals, station sites, platform surfaces and circulation

area. SDC will engage with state, local and federal governmental agencies and

private companies seeking to deliver high-speed rail to Texas.

NOTE: Texas Central is the company undertaking the development, design,

construction, finance and operation of the innovative all-electric, high-speed

passenger train line built on the Tokaido Shinkansen system that will connect

the fourth and fifth largest economies in the country, North Texas and Greater

Houston, in less than 90 minutes, with one stop in the Brazos Valley. Texas

Central stakeholders and partners include Japan Overseas Infrastructure

Investment Corporation for Transport & Urban Development (JOIN), Japan Bank for

International Cooperation (JBIC), The Shinkansen United Group (comprised of

Japan Railway Corporation(JRC), Hitachi Ltd (6501 JT), Toshiba Corp (6502 JP),

NEC Corp (6701 JT) and Mitsubishi Heavy Industries (7011 JT)), WeBuild S.P.A.

(WBD IM), RENFE, Bechtel and Kiewit.

SOURCE Texas High-Speed Rail Station Development Company

CONTACT: Nicole Rosales, 214-871-7723, nicole@allynmedia.com