FLC 4th Annual Summer Research Symposium: Planes, Trains, Ports & Highways What Keeps Florida Moving?

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1 FLC 4th Annual Summer Research Symposium: Planes, Trains, Ports & Highways What Keeps Florida Moving? Jose Gonzalez SVP - Florida East Coast Industries Wednesday, August 12,

2 Florida East Coast Industries has deep roots in rail transportation dating back to the late 1800 s with American pioneer, Henry Flagler. Credited with the development of Florida s east coast, Mr. Flagler was the driving force behind connecting communities from Jacksonville to Miami via the Florida East Coast Railway System. 2

3 Parent company to leading Florida real estate, transportation and infrastructure businesses Integrated real estate and logistics company Most prolific industrial developer in Florida Portfolio of 1.5 MSF of Class-A industrial space; 2,000 acres of land with 24MSF of industrial entitlements Only privately owned and operated intercity passenger rail system in the United States Will connect Miami and Orlando in just under 3 hours 4 MSF of transit-oriented development, including multimodal hub stations Right-of-way management and infrastructure development business Generates revenue from non-rail uses of underutilized rail and highway corridor (e.g., fiber optic cable leases, cell towers, land leases, etc.) Owns and operates Class-A office buildings and business parks across Florida Provides real estate services to third-party owners and related party joint ventures

4 An express intercity passenger rail service arriving 2017 that will mark the beginning of a new era in Florida s rich rail history. Developed by Florida East Coast Industries- rail service gives residents and visitors a transportation alternative, superior to congested highways and busy airport terminals. It s the only privately owned, operated and maintained passenger rail system in the U.S.

5 Only privately owned and operated express passenger rail system in the US that will create significant value from: + Express Passenger Rail The intercity, express passenger rail will use the existing corridor connecting from Miami to Orlando Station Related Real Estate Unique and centrally located real estate development opportunity in the heart of downtown Miami, Fort Lauderdale and West Palm Beach Stations to be located in central business districts in downtown Miami, Fort Lauderdale, West Palm Beach & at Orlando International Airport

6 An initiative that will have significant and positive impact on the entire state of Florida. SOUTH BOUND 3 HOURS TO MIAMI ORLANDO NORTH BOUND UNDER 2 HOURS TO ORLANDO WEST PALM BEACH NORTH BOUND 30 MINUTES TO WEST PALM BEACH FORT LAUDERDALE NORTH BOUND 30 MINUTES TO FT. LAUDERDALE DOWNTOWN MIAMI 6

7 + Delivering for Florida 10,000+ new jobs through construction and implementation, and ongoing jobs for the future Up to 3 million fewer vehicles removed from the roads each year, projecting a significant reduction in greenhouse gas emission Delivering for our Customers Hassle-free, express travel between Miami and Orlando with stops in Fort Lauderdale and West Palm Beach Reliable hourly service to keep you connected and productive Innovative and state-of-the-art trains and stations

8 New Trains for a New Experience State-of-the-art trainsets built by Siemens, industry leader U.S. built trains establish new benchmark for American train travel Two locomotives per train set for operational efficiency and redundancy Hourly Service starting early morning and ending in the evening 8

9 Train Travel appeals to all three traveling markets 27% Personal 43% Leisure 30% Business Florida residents/ personal Business travelers Leisure/ tourists to Florida

10 SERVICE OVERVIEW PROJECT OVERVIEW

11 PROJECT COMPONENTS + Track Infrastructure and Trainsets Stations and Related Real Estate

12 SERVICE OVERVIEW STATIONS

13 ORLANDO INTERMODAL FACILITY

14 CONFIDENTIAL

15 WEST PALM BEACH

16 WEST PALM BEACH

17

18 FORT LAUDERDALE

19

20 DOWNTOWN MIAMI

21 DOWNTOWN MIAMI

22

23 SERVICE OVERVIEW RAIL INFRASTRUCTURE

24 PROJECT PHASING PHASE I: MIAMI TO WPB UNDER CONSTRUCTION: Early works- Gonzalez &Sons Fiber relocation- Hypower Mainline construction- Archer Western PHASE 2: WPB-Orlando FEIS completed (August 2015) Final Design Construction later this year 24

25 EAST WEST SEGMENT Extensive Coordination: FDOT (Turnpike) Central Florida Expressway Authority Greater Orlando Aviation Authority Most extensive infrastructure: Major flyover bridges Trenched sections Large retaining walls Drainage and utilities Challenging geotechnical conditions Snaking through Orlando Airport 25

26 FRA CLASSES OF TRACK CLASS 5: Miami to West Palm Beach 66.5 miles, permitted to 90 MPH CLASS 6: West Palm Beach to Cocoa miles, permitted to 110 MPH CLASS 7: Cocoa to Orlando 40 miles, permitted to 125 MPH 26

27 Sealed Corridor and Quiet Zones Quiet Zones Sealed Corridor Defined by the Train Horn Rule: 49 CFR 222 Only local authorities with jurisdiction over the roadway can apply (i.e. not the railroad) Permits engineer to not use train horn, does not forbid its use (e.g. emergent situations) Similar features to Sealed Corridor Applies to Grade Crossings only within Class 5 & 6 Track (80-110MPH), not the entire Right-of-Way, and may include: Exit Gates (Quad Gates) Traffic Separators Grade Separation Roadway Closure Conversion to one-way streets

28 Sealed Corridor Exit Gates

29 Sealed Corridor Medians

30 Expected Delivery Decades of Consideration Months to Delivery 2015 Complete design, engineering & environmental approvals for WPB-to- Orlando segment Begin station & rail infrastructure construction on entire corridor 2016 Peak construction on south segment Begin testing on south segment Peak construction on WPBto-Orlando segment 2017 Start revenue service on south segment Complete construction on Orlando Airport station Tri-Rail connection with MiamiCentral completed Begin construction on maintenance facility in West Palm Beach Begin revenue service to Orlando Int l Airport

31 WE LOOK FORWARD TO SEEING YOU ON THE TRAIN! 31

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