High Performance

Brightline: On to Phase 2?

The Florida Development Finance Corp. (FDFC) has approved Brightline’s request to act as a conduit for the issuance of $1.75 billion in Private Activity Bonds to finance construction of rail infrastructure in Miami-Dade, Broward, Palm Beach, Brevard and Orange counties for Phase 2 of the higher-speed passenger rail system.

Amtrak’s “faulty route accounting”: RPA

A white paper issued by the Rail Passengers Association, “Amtrak’s Route Accounting: Fatally Flawed, Misleading & Wrong,” contends that Amtrak’s fully allocated cost methodology “grossly exaggerates the cost of operating the national passenger train system. This, in turn, has lead to the conclusion adopted by many elected leaders and other affected stakeholders that abandonment of key long-distance trains will save Amtrak significant sums and lead to a more financially secure national passenger operation.”

From FRA, a $200MM PTC infusion and an upbeat progress report

The Federal Railroad Administration (FRA) has awarded more than $200 million in funds to assist with the deployment of Positive Train Control (PTC), with a second solicitation expected soon for a remaining $46 million. As well, the agency released its second-quarter 2018 PTC progress report, which shows “significant improvement.”