The high-speed passenger railway between Dallas and Houston has a new boss and an infusion of funding.
The Board of Directors of Texas Central Partners (Texas Central) has appointed Tim Keith of Dallas as the new CEO for the organization, effective immediately.
Texas Central also announced the closing of a round of development funding that brings $75 million dollars in new capital, all from Texas-based investors into the company. The offering was oversubscribed and the funds will be used to support ongoing development activities.
Texas Central is the private, Texas-based and Texas-led development company that will construct and operate Texas' first high-speed passenger railway between North Texas and Houston as well as the terminal stations and surrounding development.
As CEO, Keith will be responsible for leading all aspects of the system's finance, development, construction and eventual operations. He will also develop and implement Texas Central's vision for high-speed rail in Texas and serve as the primary interface between internal operations and external stakeholders.
Read the rest of this story on CultureMap Austin.
