A newly released study projects that the proposed high-speed rail line linking Dallas and Houston could generate a $5 billion annual boost to Dallas County’s gross domestic product (GDP) from 2029 to 2050.
The analysis, conducted by the Boston Consulting Group, was commissioned by the city of Dallas and forecasted the creation of more than 28,000 new jobs in the state.
Newsweek reached out to Texas Central, the project’s developer, via email for comment.
Why It Matters
The study offered the strongest economic case yet for proponents of the Dallas-Houston high-speed rail project, suggesting the bullet train could become a major driver of urban growth and job creation in North Texas. The projections of a $5 billion injection in recurring annual GDP come at a time when the project needs a boost, after facing opposition in the Texas state legislature.
What To Know
Boston Consulting Group’s report, completed after more than six months of research, projected that a Dallas-to-Houston bullet train, which would cover the journey in around 90 minutes, would provide a consistent $5 billion annual increase to Dallas County’s GDP between 2029 and 2050…