Private developer could ensure line is built 30 years ahead of schedule
An unnamed private developer has emerged with intentions to build North Texas’ Fort Worth-Plano commuter line. A letter of intent, which was viewed by members of the Regional Transportation Council, contained plans that would mean the huge project would be completed an astounding 30 years ahead of schedule.
$1.6 billion project
The project, which would cost around $1.6 billion in total, would include the building of the 37 mile TEX rail project, a task that the Fort Worth Transportation Authority has been unable to complete on their own. In addition to this, a further 25 miles of commuter line would be added, taking the route along the old Cotton Belt Line to Addison, Plano and perhaps beyond.
Competing proposals encouraged
The currently disclosed plans, which are set to become public knowledge around Thanksgiving time, are hoped to encourage bids from rival parties.
Transportation director for the North Central Texas Council of Governments spoke of how ‘other companies will be encourages to form teams and submit competing proposals’.
