Brightline has reached another milestone on construction of their Miami to Orlando rail line, the company told investors this week.
According to the investor brief, construction crews have now completed 70% of the work on the route.
The $2.7B project remains on schedule for substantial completion in late 2022, and is also on budget.
During the month of October there were over 990 construction workers actively engaged in the buildout of the new route.
The first paying customers are expected to be able to board trains between Miami and Orlando in early 2023.
Brightline also updated investors this week on a number of other initiatives:
Aventura station – Construction is underway, with completion on track for Fall 2022. Twelve modular units that will be part of the project arrived on site in September, were assembled, and placed in their final locations. Sub-contractors are currently working on the interior of the assembled building. The concrete foundation work for the bridge tower allowing passengers to go from the station to the bridge level has been completed and the contractor is currently installing rebar for the next level. Rail infrastructure work in Aventura continues to advance as well. Brightline’s contractor has constructed new rail and completed two mainline track shifts necessary to make room for station platform construction.
Boca Raton Station – Work is underway, with completion also on track for Fall 2022. Early enabling work including construction of a temporary parking lot and community garden was completed last month. The company received construction pricing for the parking garage and is now finalizing negotiations. It is expected that the parking garage contract and Notice-To-Proceed will be issued by the third week in November. Brightline is currently reviewing the station construction pricing.
Brightline+ – The company’s new last-mile service, which includes Teslas and other car sharing options, is being used by 15 to 20% of customers since service resumed this month. The company expects that to increase to 60% of total tickets.
New Trainsets – One new trainset was delivered in October. Two more will be delivered to a newly completed maintenance facility in Orlando in February.
$1.2 Trillion Infrastructure Investment and Jobs Act – On November 15, President Biden signed into law the Infrastructure Investment and Jobs Act, which contains $66 billion in funding for rail projects and $39 billion for public transit systems. Brightline believes it is well positioned to benefit potentially from this funding either directly as support for an extension of their rail network to Tampa, or indirectly through support for the South Florida commuter rail project.