Virgin Trains USA starts work on tracks to Orlando
Virgin Trains USA, formerly Brightline, has started a $4 billion construction project on the tracks between West Palm Beach and Orlando International Airport.
Virgin Trains said the first load of steel for the tracks was shipped from Steel Dynamics in Fort Wayne, Indiana, on May 16. The high-speed rail project will take three years.
While there are existing tracks from West Palm Beach to Jacksonville, they are being upgraded for higher speed trains. New tracks are needed for the 35 miles between Cocoa and the airport’s intermodal center.
The project comes with gigantic numbers.
Virgin Trains contracted with Granite Construction Co. for approximately 300,000 cubic yards of excavation, 5.4 million cubic yards of embankment fill, 865,000 square feet of mechanically stabilized earth retaining wall, 100,000 lineal feet of piling, 18 new bridges, three underpasses, drainage installations, track and signalization installation, and 60 track miles of rail construction.
Altogether the phase 2 contractors, which also include Hubbard Construction Co., Wharton-Smith Inc., The Middlesex Corp. and HSR Constructors, will need to lay 170 miles of new tracks.
Part of the project includes upgrading 129 miles of existing track to permit speeds of up to 110 mph. HSR Constructors will do most of that, shifting 56 miles of existing track and constructing 100 miles of new track. HSR Constructors is a joint venture of three of the leading railroad and transit contractors in the nation: Herzog, Stacy and Witbeck and Railworks.
“Connecting Central and South Florida will bring thousands of jobs today and by modernizing infrastructure, we will strengthen Florida’s economy for decades,” said Patrick Goddard, president of Virgin Trains USA. “For a project of this scope and magnitude, a world-class construction team has been assembled to undertake this tremendous assignment and we congratulate them helping us make history.”
The Bond Buyer reported that there was strong demand from institutional investors for $1.75 billion in private activity bonds for the rail service in early April. The amount sold was upgraded from $1.5 billion because of demand. The bonds were priced with coupon rates of 6.25 to 6.5 percent.