Rail

Fla. could owe feds millions for high-speed rail

Posted on March 8, 2011

JACKSONVILLE, Fla. — U.S. Sen. Bill Nelson (D-Fla) said the current plan to construct a high-speed rail line between Orlando and Tampa will not cost the state any money. However, if the state cancels the project, it will have to reimburse $110 million to $130 million to the federal government, The Florida Times-Union reports.

Gov. Rick Scott, who just won a ruling in the Florida Supreme Court to turn away $2.4 billion in federal funds for the rail line, claims the project will end up costing more than $2.7 billion and the state will have to pay for cost overruns. Still, the legislature has already approved spending $130 million for the project. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

WSP USA projects recognized with three Calif. transportation awards

The Exposition Line Light Rail in Los Angeles received the California Transportation Foundation's Overall Project of the Year award.

City Council approves transfer of Atlanta Streetcar to MARTA

The $99 million streetcar opened in December 2014 amid sky-high expectations, but ridership failed to meet expectations in its first year and plummeted nearly 60% after the city began charging $1 to ride.

Honolulu officials submit new light rail plan to FTA

The total project cost included in the new plan remains at $8.165 billion for capital costs exclusive of finance charges, with full revenue service scheduled for December 2025.

Alstom to supply traction system in Chengdu, China

The contract is worth approximately $68.3 million. The line is expected to start revenue service by the end of 2019.

Hyperloop One announces 10 winners of 'Global Challenge'

The company will commit meaningful business and engineering resources and work closely with each of the winning teams/routes to determine their commercial viability.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close