Overview

• The Trump administration rescinded a $63.9 million federal grant for the project earlier this week, citing concerns over taxpayer funding of private ventures.
• Texas Central representatives told the Texas House Transportation Committee that the project remains viable, with planning and financing expected to be finalized by late 2025.
• Construction is projected to take 80–86 months once permits and financing are secured, with the rail line potentially operational by 2033.
• Kleinheinz Capital Partners, which took control of the project in January, emphasized its commitment to private-sector funding and described the project as 'shovel-ready.'
• The project still faces significant challenges, including securing key federal construction permits, acquiring additional land, and overcoming legislative opposition to eminent domain use and road alterations.