- Florida East Coast Railway says it is going ahead with a plan to move beyond its freight business and start work next year on a passenger rail line between Orlando and Miami.
- Husein Cumber, vice president of corporate development, said the $1 billion project will be the only passenger link between two major U.S. cities not to have government subsidies.
- The company says it will operate 10 diesel-powered trains that can seat up to 400 passengers each and will travel at up to 110 mph to make the trip on just over three hours.
From the article:
MIAMI (Reuters) - A Miami real estate and transportation company announced Wednesday that it plans to go ahead with a $1 billion project to build a privately run passenger train service between Miami and Orlando to begin operations by the end of 2014. ...