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 FHSRA createdMarch ‘02: Notice of Intent April ‘02: Advance Notification and Scoping October ‘03: Draft EIS and Public Hearings Impacts of DBOM&F proposals assessed July ‘05 FEIS signed by FRA and FHSRA Project put on hold FEIS signed No 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-Miami  P3 Approach  “Green” Technology  Includes Stimulus component – “shovel ready” CREATES JOBS!

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

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 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 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

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