The first of a two-part series on the future of transportation in Texas.
Posted by LEXIE ROSE on Thursday, March 03, 2020 08:31:17LAS VEGAS — Lone Star Transportation, a group of business leaders and investors that has been involved in the region’s transportation boom, says it’s excited about the potential of a “water, rail and water” transportation system that could bring $300 billion in new revenue to the region over 30 years.
The group, headed by Dallas-based Dallas entrepreneur David Eason, is currently developing a plan to build a transportation network that would span all five counties in the Lone Star State.
“What I’m seeing is the potential for this system to be able to serve the entire Texas market, to connect the entire state, to be a major driver of economic development in the area,” Eason said.
“We have this huge transportation infrastructure in this area.
It’s a lot of work to do, and we’re excited to be on the front lines of that.”
Eason said he and his fellow Lone Star investors hope to bring the new transportation system to fruition in time for the 2020 Texas presidential primary, which could help Texas emerge as the leader in the nation in the use of water transportation.
The Lone Star region has been in a long-term transition to the more-efficient use of natural gas and has made progress on a number of transportation projects, including new pipelines and roads that have increased the flow of natural-gas and oil across the region.
Eason and his partners have identified three major transportation projects that they believe could make the region a major player in the future: the first phase of the Trans-Pecos Pipeline, the Lonesome Road Bridge and the Dallas River Bridge.
Easons plan calls for an $8 billion Lonesame Road Bridge, a $4.6 billion Lonestar River Bridge and a $2.8 billion Dallas River bridge that will connect the Lonestars’ new capital to the state’s other major waterways.
The $8.5 billion LPC is currently being built to carry natural gas from Lonestaron, Texas, to Dallas.
LPC construction began in 2016 and is expected to be completed in 2021.
The Lone Star River Bridge, or LPC, will carry natural- gas from Dallas to the Texas Gulf Coast.
The bridge is expected be complete in 2021 and is being built as part of a $5.5 million Texas Public Works program.
The LPC will span the Trinity River in Texas, the Rio Grande and the Gulf of Mexico.
It will carry a total of about 945,000 barrels of natural natural gas per day, according to Eason.
Eason, who was a senior partner at McKinsey & Co. before founding Lone Star Transportation in 2014, said he sees the region as a “landmark” for the region, one that could “be a leader in a number other transportation areas” if it can be done right.
“It’s a very exciting area, with some of the best land, water and transportation resources in the country,” Easons said.
Easons group believes the LPC project could be a catalyst for a regional transformation.
“The LPCs (lone Star waterways) are the perfect example of how a regional transportation network can be used to bring new economic opportunities to the Lone Stars,” Eaves said.
The project is expected cost $4 billion.
“If we get the right people to the right places, this project will transform the Lone States economy and create a massive job creation and economic stimulus that will allow the Lonestar region to move into the 21st century and start getting ahead of the curve,” Easing said.
The new transportation network will be connected to the existing transportation system in Texas through an “expedited highway system” that would eventually connect to a “multi-modal” transportation network in Dallas.
The highway will include a toll road, light rail and rail buses, Easing noted.
Lone Star, Texas’ second-largest city, is one of the most heavily trafficked roads in the United States, with about 14 million people passing through it each day.
The city has about 5,000 bridges that carry about 2.5 percent of the country’s traffic, according the Texas Transportation Institute.
Easing and other members of the group are also pushing for the construction of a high-speed rail line from the state capital to downtown Dallas.
A high-tech boom is also under way in Texas with a massive investment in transportation technology.
Last year, the Dallas-Fort Worth region had the highest percentage of job growth in the state, according data from the Bureau of Labor Statistics.
A major component of that growth is the arrival of new technology, like automated vehicles, and the arrival in the past year of a number for the first time in the U.S. of an autonomous,