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Abstract:This report addresses a legislative requirement that the Authority issue a report of its actions, findings and recommendations. Previous high speed ground transportation studies were reviewed as part of the preparation of this report. Independent analyses were undertaken to verify and update capital, operating and maintenance cost estimates from the previous studies. A detailed planning level ridership study was prepared as part of this report. The forecasts developed in the planning level ridership study are suitable for the purpose of this report, but do not replace the need to conduct even more detailed estimates of ridership. The Authority intends to begin an investment-grade ridership study in early 2002. The scope of this report addresses the first phase of a high speed ground transportation system capable of speeds in excess of 120-mph while operating on a dedicated guideway between St. Petersburg and Orlando. Consistent with the legislative requirements and criteria, the Authority addressed the following:
? Recommendations concerning the format and content of a business plan for high speed ground transportation.
? Recommendations concerning preferred routes, stations and locomotive technology.
? Recommendations for any changes that may be needed in state statutes or federal laws.
? An operating plan that addresses frequency of service, fare structure, trip times, passenger capacity, passenger accommodations and amenities.
? Methods to ensure compliance with applicable environmental standards and regulations.
? A marketing plan including marketing strategies to enhance ridership.
? A detailed, planning level ridership study.
? Consideration of nonfare revenues including, development rights, license, franchise, lease fees and advertising.
? Estimates of the cost of the system including stations, guideway, right-ofway, rolling stock and the costs to operate and maintain the system.
? An estimate of the value of assets the state or its political subdivisions may provide as in-kind contributions for the system.
? An estimate of the funding required per year from state funds for the next 30 years.
37 p.
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