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MORRISON KNUDSEN REACHES FINAL ACCORD WITH TEXAS HIGH SPEED RAIL AUTHORITY

 MORRISON KNUDSEN REACHES FINAL ACCORD
 WITH TEXAS HIGH SPEED RAIL AUTHORITY
 BOISE, Idaho, Jan. 27 /PRNewswire/ -- Morrison Knudsen Corp. (MK) (NYSE: MRN) announced today the successful conclusion of its negotiations on Jan. 22 with the Texas High Speed Rail Authority for a 50-year franchise agreement to build and operate a high-speed train in Texas.
 The Authority approved the terms of a formal franchise agreement with the Texas High Speed Rail Corp., a Texas corporation organized by Morrison Knudsen to hold the franchise. When completed, the 200-mph train will connect the cities of Houston, Dallas/Fort Worth, Austin and San Antonio.
 MK Chairman and Chief Executive Officer William J. Agee and Glenn Biggs, the newly appointed chairman and chief executive officer of the Texas High Speed Rail Corp., applauded the action of the Authority. "This is a reasonable agreement that balances the interests of the citizens of Texas while, at the same time, allowing the project to move forward," Agee said. They congratulated the Authority on its foresight and diligence in reaching the agreement.
 Morrison Knudsen, the manager of the project, is an international company serving the environmental, industrial processing, power and transportation markets with complete development, design/engineering, construction, operating and financial services.
 -0- 1/27/92
 /CONTACT: Jess Hawley of Morrison Knudsen Corp., 208-386-5000/
 (MRN) CO: Morrison Knudsen Corp.; Texas High Speed Rail Authority; Texas
 High Speed Rail Corp. ST: Idaho, Texas IN: TRN SU:


SC -- SE003 -- 3671 01/27/92 11:04 EST
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Publication:PR Newswire
Date:Jan 27, 1992
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