Georgia-based American Maglev Technology Inc. has proposed a 15-mile, $315 million elevated magnetic levitation train project to connect Orlando International Airport with several locations in central Florida, according to the Orlando Sentinel.

Tony Morris, president of AMT, reportedly said no tax funding would be needed, though his project would require the use of public land.

Morris said the Florida system would be privately financed, and that his project is backed by GrupoACS.

The Madrid firm holds the $1.2 billion concession with the Florida Department of Transportation on the Interstate 595 Express project in Broward County.

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