Renfe has put an end to its venture in the United States after liquidating its subsidiary, Renfe of America. According to Eleconomista.es, it does so assuming accumulated losses of 4.5 million euros and recording a total impairment of the investments made.
The decision comes after the flagship Texas Central high-speed rail project — which was to connect Dallas/Fort Worth and Houston — was stalled by delays, litigation, and the Trump administration’s withdrawal of public support in April 2025.
The US Department of Transportation called the initiative “a risky venture for the taxpayer” and cancelled federal aid of $63.9 million, leaving more than $40 billion worth of infrastructure financially unviable.
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Renfe has recognized in its 2024 accounts the total loss of its investment and the impossibility of recovering the balances pending collection from 2019. This fact has had a strong impact on ‘Renfe Proyectos Internacionales’, which closed the year with net losses of 853,000 euros.
While leaving the US market, Renfe is studying the future of its presence in the rest of Europe. While operations in France could come to an end, the Spanish company has entered the Italian market with the purchase of 33% of Longitude Holding, parent company of Arenaways. It is also consolidating its expansion in Central Europe through Leo Express, which doubled its revenue and passengers in 2024.