DALLAS — The Texas Department of Transportation will leverage a $5.6 million federal grant to conduct a study of high-speed passenger rail along the Interstate 35 corridor between Laredo, Texas, and Oklahoma City.

The two-year study is budgeted at $14 million and comes amid expansion of the heavily traveled I-35 that carries so-called “NAFTA traffic” between Mexico, the U.S. and Canada.  The North American Free Trade Agreement signed during the Clinton Administration brought a dramatic increase in traffic on Texas highways.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.