PR90633

DALLAS, July 14, 2021 /PRNewswire=KYODO JBN/ --

Texas Central, developers of the high-speed train between Dallas and Houston,

has signed a contract with Renfe to be the Early Operator for the

transformational project aiming to revolutionize travel in Texas.

Renfe is one of the world's most significant railways operators, running

5,000 trains daily on 7,500 miles of track. The company is integral to the

transport system in Spain, its home base, handling more than 510 million

passengers and 17 million tons of freight moved in 2019.

"Renfe has an established reputation for excellence in railroad operations in

Spain and across the world," said Texas Central CEO Carlos Aguilar. "With their

decades of expertise, they were a natural fit to join our team of

best-in-class global experts setting the foundation for this new jobs-creating

industry we are bringing to Texas."

As the Early Operator, Renfe will work alongside Texas Central on the design

and development of the commercial aspects of the high-speed train system. The

Early Operator will focus on providing key expertise and supporting senior

decision makers, leveraging existing capabilities within Texas Central's

integrated organization. The agreement is the latest example of the project

bringing on board the industry's best subject matter experts from across the

globe. It comes just a couple of weeks after Texas Central announced it named

the multinational firm Webuild to lead the civil construction consortium that

will build the passenger line. Webuild will be responsible for all work up to

the top of the rail, including viaducts, embankments and drainage.

Renfe will also provide advisory and consulting services to Texas Central on

final design, execution, construction, testing and commissioning of Civil,

Station and buildings, Installation, Core Systems and O&M technology and plans

and processes, as well as all commercial aspects of the HSR system.

"Renfe is proud to contribute its unique international high-speed experience to

this project as we are the only operator in the world that has participated in

designing, developing, operating and maintaining a high-speed train system

outside of its home country," said Isaías Táboas, President of Renfe Operadora.

"High-speed rail provides a safe, time efficient, and environmentally friendly

transportation option. We truly believe that the Texas Central Railroad project

meets all the conditions to become the first truly high-speed system in the

U.S. and that it will be a game changer for the state and the country."

The announcement is the latest milestone for the investor-led project. In July,

Texas Central Signed a contract with Webuild to serve as Design-build lead, and

late last year, the company reached two historic milestones when the Federal

Railroad Administration issued the final Rule of Particular Applicability (RPA)

and the Record of Decision (ROD) for the project.

Now that these milestones have been reached, the required elements are in place

for the company to fully focus on the final due diligence and secure permanent

financing.

The system Texas Central Railroad proposes to build in Texas will replicate the

proven Japanese Tokaido Shinkansen high-speed rail system, as operated by the

Central Japan Railway Company (JRC). Texas Central chose this system because it

is one of the safest and most punctual train systems in the world. In its 55+

year history, it has transported over 10 billion passengers with an impeccable

safety record of zero operational passenger fatalities and zero accidents since

first deployed. This technology reliably moves more than 400,000 passengers

every day.

The project will create an estimated 17,000 direct jobs during the six years of

construction, over 20,000 supply chain jobs and more than 1,400 direct

permanent jobs when the train is fully operational. The Texas Central project

will use $7.3 billion of materials from US companies across 37 states. And,

over the next 25 years, this project will have a direct cumulative economic

impact of $36 billion.

Texas Central has a comprehensive Business and Workforce Opportunity Program

with a mission to promote the value and development of small, rural, and

minority-, woman-, veteran- and disabled individual-owned businesses by

offering fair and competitive opportunities to bid and participate in building

and operating the Texas high-speed train.

About Texas Central. Texas Central, which includes its operating subsidiary

Texas Central Railroad, is the company undertaking the development, design,

construction, finance, and operation of the innovative new high-speed passenger

train line 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. For more information, visit www.texascentral.com.

About Renfe. Renfe Operadora is one of the most significant railway

operators in the world because of its experience in high-speed rail, commuter

and logistics services. Renfe runs more than 5,000 trains daily, it is a

central actor in the country's transport system, with more than 510 million

passengers, and 17 million tons of freight moved in 2019. The company has

almost 30 years operated high-speed trains in Spain, the second country in the

world (after China) in terms of high-speed lines, with more than 1,800 miles in

service. See more at www.renfe.com.

SOURCE: Texas Central High Speed Rail

CONTACT: Kristin Welsh, kristin@allynmedia.com