Miami Beach selects Alstom to develop $380M light rail 'streetcar'
•City of Miami Beach county commissioners have voted to move forward with the preliminary development of a $380 million light rail streetcar system with French rail consortium Alstom, the Miami Herald reported.
Last year, Alstom submitted an unrequested proposal to the commission for a Miami Beach streetcar, and the commission subsequently requested formal bids with the intention of forming a public private partnership (P3) to construct and maintain such a rail system. The city commission said it wants a 35-year construction and maintenance P3 agreement for which it would pay approximately $11 million in yearly construction costs and then $26 million in annual payments, given a 12.5% total construction spend. The city is not seeking federal funds as the required studies, it said, would take too long.