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