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Bullet Train Developer Files Plan on Deadline

ORLANDO-American Maglev Technology Florida Inc. of Edgewater, FL and Lockheed Martin of Bethesda, MD, one of the nation's largest defense contractors, outlined a proposal Wednesday to the Florida Department of Transportation for the first Orlando Airport-to-Walt Disney World phase of a 200-mile high-speed statewide rail system.

By Alex Finkelstein | Updated on March 21, 2002

ORLANDO-Ready with a $490 million check, American Maglev Technology Florida Inc. of Edgewater, FL and Bethesda, MD-based Lockheed Martin filed their long-discussed bullet train plans Wednesday with the Florida Department of Transportation for the first Orlando International Airport-to-Walt Disney World phase of a proposed 200-mile high-speed statewide rail system.

Nine other developers filed plans previously. The Florida High Speed Rail Authority in Tallahassee starts evaluating the plans this month and could ask for more detailed proposals by June.

If the $490 million Orlando-Disney leg succeeds when it is completed in 2004, American Maglev’s team tells the Department of Transportation it will need an additional $1.2 billion in public money to complete the next phase of the system from Orlando to Tampa.

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