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florida AAF delays and costs up
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<p>[quote user="blue streak 1"]</p> <p><strong>surprize -- AAF cost projections rise and start of service now may be late 2015 </strong></p> <p><a href="http://www.bizjournals.com/southflorida/news/2012/12/18/passenger-rail-company-all-aboard.html?page=all">http://www.bizjournals.com/southflorida/news/2012/12/18/passenger-rail-company-all-aboard.html?page=all</a> [/quote]</p> <p><span>"AAF will begin negotiations with FDOT to determine the lease terms that will allow our $1.5 billion private investment to move forward quickly so we can enhance Florida's transportation network and begin to create thousands of new jobs in our state.” </span></p> <p><span>What does this mean? It implies that FDOT is going to fund the construction of the rail line or at least guarantee the bonds and then lease it to AAF to operate it? Or at least it is not clear who is leasing what!</span></p> <p><span>The cost and schedule estimates for construction projects of this scope are difficult to determine. The adjustments are minor compared to those for the California High Speed Rail Project, which began with an estimate of $32 billion. It eventually reached $98 billion before a breath of sobriety hit the promoters and was scaled back to $68 billion. </span></p>
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