Business

European Group Gears Up Florida High-Speed Rail

French-Spanish-Virgin consortium vies for inside track on Tampa-Orlando project
By: Kenric Ward | Posted: November 19, 2010 4:05 AM
High-Speed-Rail TrainAlstom high-speed train makes a test run through the Czech Republic. Credit: Alstom SA

A consortium of European companies is vying to finance and operate Florida's high-speed rail line between Tampa and Orlando.

The group, which includes train maker Alstom SA of France, will undoubtedly face spirited competition in its bid for the multibillion-dollar project. But the seven-company multinational consortium says no one can rival its combined experience and financial wherewithal.


Comments (6)

Wes Evans
3:27PM DEC 2ND 2010
For a dose of reality read the Congressional Research Service report on High Speed Rail in the USA.
If private companies want to jump that shark with no tax payer back up they should be allowed, but no public money or grantee!
Sharon L Stern
11:31PM NOV 19TH 2010
What a great way to take advantage of cheaper flights out of Orlando!
John Mannning
10:16PM NOV 19TH 2010
What Florida needs is a Personal Rapid Tansit network at each station. This is what the Califonia High Speed Rail Authority pushing for to boost ridership on its system.
jpv446
5:02PM NOV 19TH 2010
"As for the money trail, "It is certain that there will be government subsidies to cover operating losses," predicts Orlando tea party activist Tom Tillison."

Translation: The government uses billions of taxpayer dollars to bail out AmTrack every year, they can use more of our taxpayer money to float this albatross too.
Jack hamilton
12:40PM NOV 19TH 2010
Looks like all the alterntive manufacturers of these trains are off shore. Would have thought GE locomotive division might have worked with others in the US to make a US bid here, but...
Beaches
11:00AM NOV 19TH 2010
It is good to hear that companies are willing to invest and build high speed rail lines in Florida. The United States could learn a lot from railroads in other countries. We have to find a way to provide mass transportation between urban centers without further congestion on our highways.
As usual, the tea party would have using horse drawn carriages.