Florida High Speed Rail Authority Update for Orange County Board of County Commissioners April 7, 2009.

Florida High Speed Rail Authority Update for

Orange County Board of County Commissioners

April 7, 2009

OUTLINE

Timelines and Federal Processes Florida’s Strong Position - Previous

HSR Work Approach for Florida Response to

Stimulus FDOT Participation

High Speed Rail on National Agenda

Competition for High Speed Rail start-up around the US

Federal Bills: October ’08 Bill: $1.5 billion over 5 yrs (not yet

appropriated)

Stimulus ’09 Bill: $8 billion added – 100% Federal Funding – no State match required (fully funded)

Future additional Bills anticipated due to national importance placed by Obama Administration

CORRIDORS COMPETING FOR BILLIONS OF $FEDERAL

Federal High Speed Rail Corridors*

Northeast Corridor California Corridor Empire (NY) Corridor Pacific Northwest

Corridor South Central

Corridor Gulf Coast Corridor

*others may emerge

Chicago Hub Network

Florida Corridor Keystone (PA)

Corridor Northern New

England Corridor Southeast Corridor

Timeline chart

Florida’s Strong Position

Over the past 10 years…1998: Florida Overland eXpress

Tampa-Orlando-Miami environmental and engineering

2004: Florida High Speed Rail Authority PD&E for Tampa-Orlando Feasibility study for Orlando-Miami

Approximately $30 million invested in both these efforts

Florida High Speed Rail Authority – 2004

TAMPA

ORLANDO

Review of Tampa-Orlando Corridor Two major components of FHSRA

work:

PD&E for Tampa-Orlando corridor

Procurement of Design-Build-Operate-Maintain & Finance vendor

NEPA Work Completed

FRA Record of Decision (ROD) completes NEPA ROD required to advance into Final Design

2001 2002 2003 2004 2005

FHSRA created

March ‘02: Notice of Intent

April ‘02: Advance Notification and Scoping

October ‘03: Draft EIS and Public Hearings

Impacts of DBOM&F proposals assessed

July ‘05FEIS signed by FRA and FHSRA

Project put on holdFEIS signedNo ROD issued

Design-Build-Operate-Maintain & Finance- DBOM&F RFP issued October 2002 Investment Grade Ridership Study Issued Nov

2002 Beachline (then Beeline) route:

Total riders: 2.4 to 2.8 million; Revenue: $39 -$42 mill Greeneway route:

Total riders: 3.8 to 4.1 million; Revenue: $54- $56 mill

Both proposing teams committed to covering Operations & Maintenance costs based on inclusion of the Choice and Captive markets

DBOM&F SUBMITTALS

FLUOR-BOMBARDIER Jet-Train Technology – Gas Turbine Double track Disney to OIA, single track to Tampa Firm Fixed price of $2.056 Billion

GLOBAL RAIL CONSORTIUM Electric TGV Technology Double track entire system Firm Fixed price of $2.4 Billion

F-B was ranked first on 6-2 vote Negotiations proceeded until August 2004

ORLANDO MIAMI FEASIBILITY – 2004

Orlando-Miami Feasibility – FHSRA 2002

Key Findings for Tampa-Orlando-Miami: Operating Ratios (2020)Will revenues from system cover O&M costs?

For 180+mph: Operating Revenue: $531 mill O&M Costs: $174 mill RATIO: 3.05

Benefit-Cost Ratios (30 year NPV)Do Benefits to Society for building this system

justify the costs? For 180+mph: RATIO 1.95

Conclusion:

Overall benefits of this system greatly exceed costs

APPROACH TO RESPONSE

Highlights of Proposed Response:Corridor: Tampa-Orlando-MiamiP3 Approach“Green” Technology Includes Stimulus component –

“shovel ready” CREATES JOBS!

Corridor Definition

Tampa-Orlando-Miami Corridor is logicalMuch work done on entire corridorEntire corridor is designated by FRAPhasing to logical intermediate stationsProvides 180+ mph capabilityReasonable total length (310 miles)

compared to other competing corridors: LA - San Francisco is almost 400 miles Boston - DC is 440 miles

Public Private Partnership

Private partner is critical for successLeases system for long termShares profits in excess of defined

thresholds A single system approach is logical

Single technologyOne set of standards that is interoperable

statewideWILL REQUIRE ASSUMPTION OF O&M

RISK BY PRIVATE PARTNER

State of the Art examples Siemens Velaro Alstom

AGV

GREEN TECHNOLOGY = ELECTRICALLY DRIVEN SYSTEM

Stimulus Approach

Sequence of work:Define Minimum Operating Segment (MOS)

with FRA within the Tampa-Orlando corridorObtain Record of Decision for MOSStart construction of MOS Incrementally add segments onContinue environmental work on next

segments GOAL: MOS can start construction in 18

months

Board Meeting of April 2

FDOT Letter of Assistance Offered to take over the application process for

stimulus funds to use in-house resources FHSRA accepted offer, with three requests:

$4 million federal funds available to FHSRA from 4 years ago - FDOT to report status in 2 weeks

FDOT to provide progress report at future meetings FHSRA requested that “institutional memory”

available be used

Sunrail: FHSRA passed a support resolution 4-1

Florida High Speed Rail Authority Update for

Orange County Board of County Commissioners

April 7, 2009