By William C. Vantuono, Editor-in-Chief, Railway Age Magazine; September 5, 2018
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.
“With all material permits in place, Brightline expects to start construction on Phase 2 this year,” the company said. “Brightline’s station in Orlando will be located at the Orlando International Airport’s new Intermodal Terminal Facility, which will be the hub of the future South Terminal complex. The Orlando expansion is slated to open in 2021.”
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