Webuild and Lane Construction in $16 billion mega High-Speed Rail contract with Texas Central

Jun 16, 2021 380

Webuild and its U.S. subsidiary Lane Construction have signed the final agreement worth $16 billion with Texas Central LCC to build the first true high-speed railway in the United States between Dallas and Houston. The agreement is the final step ahead of the financial closure - foreseen in the coming months - and the start of construction of the mega project, which will provide fast, safe and environmentally friendly travel, create thousands of jobs and give a major boost to the economy.

The project promises to be a pivotal moment for sustainable mobility in the United States by having it join the ranks of countries that offer high-speed rail service, such as Japan, China, France and Italy. The contract brings the value of construction orders in Webuild’s backlog from the United States to 35%, confirming the country as the single biggest market for the Group.

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SOURCE: https://www.webuildgroup.com

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