Can Amtrak Finally Bring High-Speed Rail To Texas?

Video Description

After decades of research, the U.S. remains without authentic high-speed rail options. Federal planners believe that a route connecting major cities in Texas may be an ideal fit. In 2014, a group organized under the name Texas Central announced plans to connect Dallas to Houston with a bullet train that travels more than 200 miles per hour, shortening a three and a half hour drive to a 90-minute train ride. The route would connect two large and fast-growing population centers, making one stop near local universities in the Brazos Valley. The Texas Central project has been repeatedly delayed as its backers navigate various regulatory hurdles, including environmental reviews and disputes over property rights. The leadership team at Texas Central resigned in the middle of land acquisition for the process. Texas Central declined multiple requests for comment from CNBC. The project is expected to cost at least $33.6 billion dollars, according to a March 2023 analysis from the Reason Foundation. Similar high-speed rail projects around the world have faced substantial cost overruns in development. That includes Japan's Tokaido Shinkansen system and California High-Speed Rail, which could someday connect Los Angeles to San Francisco. The Texas effort has received substantial support from businesses in Texas, Japanese firms and the U.S. government. With a historic $66 billion commitment to passenger rail, the U.S. government under Biden appears to have its best bet in generations to start an authentic high-speed rail system. But the future of publicly subsidized projects, including Texas Central and California High-Speed Rail remain uncertain. Amtrak told CNBC that if Texas Central passes a financial review, it could be open for passengers as soon as the early 2030s. Chapters: 0:00 - 1:50 Introduction 1:55 Chapter 1 - Texas Triangle 4:35 Chapter 2 - Landowners 8:55 Chapter 3 - Amtrak partnership 12:02 Chapter 4 - Shinkansen in Texas Produced, Shot and Edited by: Carlos Waters Supervising Producer: Jeniece Pettitt Additional production by: Liam Mays Additional Camera by: Katie Brigham, Nathaniel Lee, Magdalena Petrova, Andrew Evers, Ashley Stringer Animation: Christina Locopo Additional Footage: Getty Images, KBTX Additional Sources: Google Maps, North Central Texas Council of Governments, Reason Foundation, Rethink35, Texas State Library Archives, Texas Supreme Court » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #CNBC Can Amtrak Finally Bring High-Speed Rail To Texas?