SFRTA, FDOT Outline 10-Year Tri-Rail Funding Transition

SFRTA and the Florida Department of Transportation are negotiating a Memorandum of Understanding that will frame a 10-year transition of Tri-Rail operating and maintenance funding from the state to a dedicated local source by 2037. Under the framework, FDOT would provide a defined contribution for the first five years starting in 2027 and then fully end its operating support as SFRTA and the three counties assume financial responsibility and receive a perpetual rail corridor easement and related assets.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Planned 10-year phased transition 2027–2037; MOU effective date in 2026, with perpetual easement conveyance upon commencement of local funding source proposed for 2037

Renewal date

2037-12-31

Renewal

This is a new interagency MOU intended to lead to a separate Funding Transition Agreement covering 2027–2037; FDOT’s statutory operating funding obligation will be reduced to zero by 2037, at which point a perpetual commuter rail easement and assets will be conveyed to SFRTA. No automatic renewal is specified; future amendments may be required if laws or appropriations materially change.

Document type

Agenda

Source document

South Florida Regional Transportation Authority Governing Board Workshop Agenda May 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by South Florida Regional Transportation Authority?

State of Florida Department of Transportation was awarded this financial services contract by South Florida Regional Transportation Authority, as recorded on May 6, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in South Florida Regional Transportation Authority Governing Board Workshop Agenda May 2026 (Agenda), dated May 6, 2026 from South Florida Regional Transportation Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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