HIGH - SPEED RAIL CORRIDOR IN THE U.S. FLORIDA CORRI DOR PROPOSAL ON IMPLEMENTING SUGGESTIONS FRA–2016–0014 CHINA HIGH-SPEED RAIL ENTERPRISE CONSORTIUM AUGUST,2016 BEIJING,CHINA CONTENTS I PROPOSER’S NAME(S) AND CONTACT INFORMATION ··························· 1 II EXECUTIVE SUMMARY ······················································································ 9 2.1 Markets Served ···································································································· 9 2.2 Stations/Stops ······································································································· 9 2.3 The Intercity Trip Time ························································································ 9 2.4 Peak & Operating Speeds ···················································································· 9 2.5 Routes and ROW ······························································································· 10 2.6 Train ··················································································································· 10 2.7 Organizational Structure ···················································································· 10 2.8 Operation and Cost ···························································································· 11 2.9 Investment Estimated and Financial Plans ························································ 11 III TECHNICAL DESCRIPTION ··········································································· 12 3.1 Populations of Markets Served by Each of the Proposed Stations ···················· 12 3.2 Existing Intercity Traffic ···················································································· 12 3.3 Proposed Stations Location ················································································ 13 3.4 Intermodal Travel Connections with other Transportation Services and Systems ····································································································································· 14 3.5 Trip Time and Fare Comparisons ······································································· 16 3.6 Operation Plan ··································································································· 19 3.7 Annual Ridership and Revenue Projections ······················································· 20 3.8 Operating Costs ·································································································· 21 3.9 The Impact of the Project ··················································································· 23 3.10 The Impact of the Project on the Growth of Existing Services ······················· 25 3.11 Impact on Other Rail Services ········································································· 25 3.12 Use of Land and ROW ····················································································· 27 3.13 Required Infrastructure Investment and Transformation Equipment ·············· 28 3.14 To Minimize the Adverse Effects of the Project ·············································· 29 3.15 Types and Quantity of Trains ··········································································· 29 3.16 Project Construction Cost ················································································ 30 3.17 Contribute to the Development of the National HSR System ························· 31 3.18 Analysis of Travel Time and Expected Reliability ·········································· 32 3.19 Summary and Reference of past Related Research on HSR···························· 32 IV FINANCIAL PLAN ······························································································· 34 4.1 Operation Revenue ···························································································· 34 4.2 Operation Cost ··································································································· 34 4.3 Financing ··········································································································· 34 4.4 Sources of Funds and Instructions ····································································· 36 4.5 Credit Assumptions ···························································································· 36 4.6 Insurance Plan for Construction and Operation ················································· 36 4.7 Construction Cost Risk ······················································································ 36 4.8 Income Operating Cost Risk Sharing ································································ 37 4.9 Estimated Private Investment and Sources ························································ 37 4.10 Compensation ·································································································· 37 4.11 Main Financial Indicators ················································································ 37 V INSTITUTIONAL INFORMATION ··································································· 39 5.1 Project Organization Chart ················································································ 39 5.2 Legal and Financial Structure of the New Entity ··············································· 39 5.3 Service Integration ····························································································· 39 5.4 Feasibility and Method to Obtain the ROW ······················································ 40 5.5 Government Action ···························································································· 40 5.6 Relationship with the State Railway Plans ························································ 40 VI LEGAL ACTION ··································································································· 41 6.1 Legal Support ····································································································· 41 6.2 Public Funding ··································································································· 41 6.3 Government Credit ···························································································· 42 VII LEGAL COMPLIANCE ····················································································· 43 7.1 Employee Law ··································································································· 43 7.2 Buy American Act ······························································································ 43 7.3 Railway Law ······································································································ 43 7.4 Environmental Law ···························································································· 44 7.5 Americans with Disabilities Act ········································································ 44 I Proposer’s Name(s) and Contact Information August 31, 2016 Federal Railroad Administration Docket Operations, M–30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE., Washington, DC 20590 Subject: Response to Notice of Request for Proposals for Implementing a High-Speed Rail Corridor (Docket Number: FRA-2016-0014) China High-Speed Rail Enterprise Consortium (hereinafter referred to as China Railway Team) hereby kindly submits its response to Notice of Request for Proposals for Implementing a High-Speed Rail Corridor (Docket Number: FRA-2016-0014) to the Federal Railroad Administration. China Railway (CR) follows closely high-speed rail projects in the U.S., and is interested in providing assistance in plan and construction of 11 HSR corridors for the FRA. China Railway Team is led by CR International Co., Ltd. (CRIC) authorized by CR, and its members include CREC, CRCC, CRRC, CCA, CRSC, FSDI, CREEC, TSDI, SIYUAN and CEC. Moreover, China Railway Team is supported by financial institutions such as the Export-Import Bank of China for financial affairs. The following is an introduction of the 11 members and the Export-Import Bank of China: 1. China Railway (CR) The predecessor of CR is the former Ministry of Railways of the People’s Republic of China. During the reform on separation of government and enterprise in China, CR is established in March 2013 to be responsible for uniform dispatching & control of Chinese railway network as well as operation and safety management of passenger trains and wagons. It formulates national railway development plan, prepares investment and construction plan, and takes charge in preliminary work, construction management, operation management and safety production of railways in China. By the end of 2015, railway operation mileage managed by CR has surpassed 120,000km, including 19,000km of high-speed rails. With a total asset of USD 1 trillion and employees of 2 million people, CR has 18 railway bureaus, 1 international company (CRIC), 1 scientific and research institute (China Academy of Railway Sciences), 1 design institute and 3 transportation companies. CRIC is a wholly-owned subsidiary of CR, responsible for execution of its overseas projects. It leads the China Railway Team on behalf of CR to promote the study on 11 high-speed rail corridors identified by the FRA. 2. China Railway Group Limited (CREC) CREC is super-large group integrating survey and design, construction and installation, industrial manufacturing, real estate development, resource and mining, finance and investment. In 2015,