Webuild and its US. subsidiary Lane Construction have signed the final agreement with Texas Central LCC to construct high-speed railway between Dallas and Houston in the US.
The final agreement, worth $16bn, is the step ahead of the financial closure that is foreseen in the months to come and the commencement of construction of the mega project.
Go deeper with GlobalData
This project is expected to provide fast, safe and environmentally friendly travel and provide a boost to the economy.
The contract takes the value of construction orders in Webuild’s backlog from the US to 35%.
The contract is expected to create approximately 17,000 direct jobs and more than 20,000 indirect ones.
Materials worth an estimated $7.3bn from suppliers in the US are to be used, along with services provided by specialized Italian suppliers.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataWhen the trains come into service, over 1,500 direct jobs are to be created.
Webuild and Lane will oversee the civil engineering works, which involves design and construction of the 379km of railway, the viaducts, as well as the buildings and services for maintenance and other equipment, industrial buildings, train depots and facilities. A major part of the railway will be elevated, benefitting from the Group’s experience in bridges and viaducts to reduce to a minimum the impact that the infrastructure will have on the residents and landowners of the counties through which the railway will pass.
The Dallas-Houston high-speed railway is expected to transform mobility between the two cities. It is expected to transport passengers at speeds of up to 200 miles per hour (320km per hour), faster than any other rail service in the US.
——————————————————————————————————————–
Image: This project is expected to provide fast, safe and environmentally friendly travel and provide a boost to the economy. Credit: Hands off my tags! Michael Gaida from Pixabay
