Opinion / Nic Monisse
Full steam ahead
When I was travelling across the US as a 20-year-old, I rode Greyhound buses all over Texas. I’d love to say that this was a romantic move inspired by Jack Kerouac’s On The Road but in reality it was because insurance premiums for me to hire a car at that age were exorbitant. And more appealing options, such as fast intercity trains, were non-existent. Being something of an urbanism wonk, I passed my time on the bus daydreaming about a golden age when rail travel in the Lone Star State might be possible and even prolific. In a part of the US where the car is indisputably king, that seemed a long way from the reality.
Until earlier this month that is, when rail developer Texas Central signed a $16bn (€13.4bn) “final agreement” with Italian firm Webuild Group to construct a 236-mile (380km) high-speed line between Dallas and Houston. The proposed line (pictured) will whisk travellers between the state’s two largest cities in about 90 minutes, and Texas Central promises that it will be privately funded. With a pro-rail president dubbed “Amtrak Joe” in the White House, the developer also went so far as to put out an official statement saying that rival companies who believe the government should chip in “don’t understand how free-market capitalism works in Texas”.
This is a canny way to court public opinion: taxpayers may be sceptical in a state (and country) in which high-speed rail options remain virtually non-existent. But private firms should see the scope for growth. In pre-pandemic times, about 24,000 people travelled between Dallas and Houston every day, so there’s clearly an appetite for movement along the corridor. High-speed rail would be faster than flying – or going by car or bus. There’s no reason why investors – such as banks in Europe and Japan who have expressed interest in offering support – wouldn’t be willing to take the risk. All aboard?