High-speed rail is on life support in Texas. Can a hedge fund save it?
Briefly

The Texas Central high-speed rail project is poised to drastically improve connectivity between Dallas and Houston, reducing travel time to just 90 minutes with trains capable of exceeding 200 mph. This initiative gained traction under President Biden's administration, receiving a $63.9 million planning grant from the Department of Transportation. However, the Trump administration's recent decision to rescind this grant and remove Amtrak from the project's involvement poses significant challenges. This project could potentially address issues of traffic congestion and pollution in Texas, where dependence on road transport has been problematic.
The proposed project would cut the travel time down between the nation's fourth- and fifth-largest metro areas to 90 minutes, using Japanese technology to propel the trains 200-plus mph.
'If the private sector believes this project is feasible, they should carry the preconstruction work forward, rather than relying on Amtrak and the American taxpayer to bail them out,' Transportation Secretary Sean Duffy stated.
Read at Fast Company
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