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Rail News: High-Speed Rail

Seven firms form consortium to bid on Florida HSR project


Today, a group of seven firms announced they have formed a partnership to compete for a contract to design, build, finance, operate and maintain Florida’s high-speed rail line.

The consortium comprises construction firms VINCI and OHL; rolling stock, signaling and infrastructure provider Alstom Transport; international investment group Virgin; engineering firms AECOM and PBS&J; and contractor Archer Western.

Virgin, VINCI and OHL would operate the turnkey high-speed rail system; Alstom would build and maintain the trains. In addition, Alstom, VINCI, OHL and Archer Western would lead the engineering, design, supply and construction aspects of the project with support from AECOM and PBS&J.

The group’s proposal will include a private financing dimension that offers “the best solution for Florida once the specific bidding rules are established,” according to a prepared statement. VINCI, OHL, Alstom and Virgin would serve as equity partners.

“Virgin and our partners realize the importance of combining strong private expertise and finance with government investment to maximize the economic development benefits and ensure every dollar is wisely invested,” said Virgin Founder Richard Branson.

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More News from 11/16/2010