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After voter approval, the engineering and design of the light rail system continued. By 2022, the cost estimate to fully implement the original Project Connect plan had increased to $10.3 billion due to increased property acquisition prices, inflation caused by the COVID-19 pandemic, and scope changes to the original design.
The project is estimated to cost $7.1 billion and will be funded with public funds, both federally and locally through increasing the local property tax rate by 8.75 cents. [2] This is a smaller-scale version of the proposal, originally estimated at $10 billion, but ultimately downsized to $7.1 billion due to Covid-induced cost concerns. [3]
Th agency presented a cost estimate, $7.1 billion, for the system that officials say accounts for a projected rise in construction costs and inflation by the time construction concludes in 2033.
Scott Mahaffey, Trinity Metro board chairman, has expressed interest in extending the line south and adding two stations to serve the medical district and Texas Christian University at an estimated additional cost of $200 million. This extension could be completed by 2025, when all additional planned and proposed stations are added the line ...
Map of the Metro Tunnel in blue and existing railway lines in grey: AUD $12.58 billion Suburban Rail Loop: Rapid transit Australia: Melbourne: 23.31-43.61 [167] 2022 2035-2053 [a] The map of the Suburban Rail Loop East (Lime, Cyan, Orange and Green) placed on top of the Victorian Train Map post Metro Tunnel (Grey and Purple) AUD $31–58 billion
Lone Star High-Speed Rail LLC was founded in 2009, changing its name to Texas Central Railway in 2012. [15] Texas Central Partners, LLC (TCP), was founded on September 24, 2013, [16] as the company to build and operate the service, with the rail line itself owned by the separate Texas Central Railway (TCR). [15]
CapMetro's CapMetro Rail provides commuter rail services on a single 9-station, 32-mile route, named the Red Line in anticipation of additional rail line development. CapMetro Rail operates the line with 10 diesel-electric rail cars from downtown Austin through the north central and northwest areas of the city to Leander , a suburb to Austin's ...
The new cost estimate for the 14-mile project was $1.8 – $1.9 billion, he said. [14] The $900 million overrun in costs caused considerable outrage among political leaders [15] in Irving, Texas, the city the line runs through on its way to Dallas/Fort Worth International Airport. The Irving leaders conducted an inquiry into the cost overruns. [16]