In addition to announcing which contractors will be working on the expansion project, Virgin also said that Steel Dynamics in Fort Wayne, Indiana, has shipped the first of the trains that will serve the new route.
Virgin came on as a minority investor late last year and, at the same time, officially announced the line’s Virgin rebranding. Then, last month, Morgan Stanley underwrote one of the biggest private activity bond sales of its kind, raising $1.7 billion for the Phase 2 rail project. This reportedly gave the high-speed rail line enough of a cash boost to move forward with construction into Orlando.
