Back in August the Reuters website reported the announcement by Florida East Coast Industries that it planned to spend $1 billion to build and operate a private enterprise passenger train service between Miami and Orlando to begin operations by the end of 2014. Expansion later to Tampa and Jacksonville is contemplated. The company said its "All Aboard Florida" project is financially viable without any need for federal and state grants or subsidies.
The announcement came after Florida Governor Rick Scott rejected Federal funding in 2011 for a high-speed rail service linking Tampa, Orlando and Miami, saying the state could not afford it.
The projected speeds of up to 110 mph (180 km/h) isn't high speed by European standards, but is still significantly faster than available surface transport between these places now.
As reported on this metrojacksonville.com webpage on Tuesday, the company is forging ahead with its plans and as its parent, Fortress Investment Group, manages $42 billion of other people's money, it seems to be well able to achieve them.
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