Rail

All Aboard Florida secures rail deals

Posted on October 9, 2013

All Aboard Florida, the passenger rail project being developed by Florida East Coast Industries Inc. (FECI), is moving forward with two significant agreements.

The Orlando-Orange County Expressway Authority (OOCEA) board unanimously approved an easement purchase agreement with All Aboard Florida. This agreement allows All Aboard Florida to construct its rail infrastructure immediately parallel to the State Road 528 corridor. Coupled with the lease agreement approved by the Florida Department of Transportation in June 2013, All Aboard Florida has now secured the critical right of way needed for the project.

In a separate transaction on October 2, the Greater Orlando Aviation Authority's (GOAA) board approved several agreements that will allow All Aboard Florida to develop its Central Florida station at the Orlando International Airport’s future intermodal station. The GOAA agreements will provide a rail easement between State Road 528 and the future Intermodal Station; a premises lease for the future Intermodal Station; and a land lease to construct All Aboard Florida’s vehicle maintenance facility.

“All Aboard Florida achieved two major milestones this week by securing the right of way agreement that will utilize the expanded State Road 528 transportation corridor and finalizing the location for the Central Florida terminal station,” said P. Michael Reininger, president/chief development officer of All Aboard Florida. “We will now focus on designing and engineering the project so we can begin construction by the end of this year.The progress we have made in 18 months is the result of a great partnership between All Aboard Florida and the public sector.”


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

More News

NJ TRANSIT to restore rail services by May 12

The new date is nearly two weeks ahead of the agency’s target date.

NHTSA, FRA launch rail crossing safety campaign

In 2018 alone, 270 people were killed at railroad crossings.

San Diego MTS unveils 5000-series Siemens Trolley cars

The new vehicles represent the third generation of modern, low-floor vehicles, which have been in operation since 2005.

Metra adds state funding for 2 new rail stations

The two stations have been planned for years, however, funding was first held up in the state’s budget woes and then cut in 2017.

Report suggests Cleveland should replace entire rail fleet by 2028

While both fleets have had some level of mid-life rehabilitation, each fleet is exceeding the acceptable 30-year useful life for railcars.

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