Florida High Speed Rail Authority Update for Orange County Board of County Commissioners

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Florida High Speed Rail Authority Update
forOrange County Board of County Commissioners

• April 7, 2009

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OUTLINE

• Timelines and Federal Processes
• Floridas Strong Position - Previous HSR Work
• Approach for Florida Response to Stimulus
• FDOT Participation

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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

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CORRIDORS COMPETING FOR BILLIONS OF FEDERAL
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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

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Floridas Strong Position

• Over the past 10 years
• 1998 Florida Overland eXpress
• Tampa-Orlando-Miami environmental and engineering
• 2004 Florida High Speed Rail Authority
• PDE for Tampa-Orlando
• Feasibility study for Orlando-Miami
• Approximately 30 million invested in both these
  efforts

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Florida High Speed Rail Authority 2004
ORLANDO
TAMPA
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Review of Tampa-Orlando Corridor

• Two major components of FHSRA work
• PDE for Tampa-Orlando corridor
• Procurement of Design-Build-Operate-Maintain
  Finance vendor

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NEPA Work Completed

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

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Design-Build-Operate-Maintain Finance- DBOMF

• 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

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DBOMF 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

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ORLANDO MIAMI FEASIBILITY 2004
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Orlando-Miami Feasibility FHSRA 2002

• Key Findings for Tampa-Orlando-Miami
• Operating Ratios (2020)
• Will revenues from system cover OM costs?
• For 180mph Operating Revenue 531 mill
• OM Costs 174 mill RATIO 3.05
• Benefit-Cost Ratios (30 year NPV)
• Do Benefits to Society for building this system
  justify the costs?
• For 180mph RATIO 1.95
• Conclusion
• Overall benefits of this system greatly exceed
  costs

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APPROACH TO RESPONSE

• Highlights of Proposed Response
• Corridor Tampa-Orlando-Miami
• P3 Approach
• Green Technology
• Includes Stimulus component shovel ready
  CREATES JOBS!

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Corridor Definition

• Tampa-Orlando-Miami Corridor is logical
• Much work done on entire corridor
• Entire corridor is designated by FRA
• Phasing to logical intermediate stations
• Provides 180 mph capability
• Reasonable total length (310 miles) compared to
  other competing corridors
• LA - San Francisco is almost 400 miles
• Boston - DC is 440 miles

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Public Private Partnership

• Private partner is critical for success
• Leases system for long term
• Shares profits in excess of defined thresholds
• A single system approach is logical
• Single technology
• One set of standards that is interoperable
  statewide
• WILL REQUIRE ASSUMPTION OF OM RISK BY PRIVATE
  PARTNER

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GREEN TECHNOLOGY ELECTRICALLY DRIVEN SYSTEM

• State of the Art examples
• Siemens Velaro Alstom AGV

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Stimulus Approach

• Sequence of work
• Define Minimum Operating Segment (MOS) with FRA
  within the Tampa-Orlando corridor
• Obtain Record of Decision for MOS
• Start construction of MOS
• Incrementally add segments on
• Continue environmental work on next segments
• GOAL MOS can start construction in 18 months

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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

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Florida High Speed Rail Authority Update
forOrange County Board of County Commissioners

• April 7, 2009