Management & Operations

Public, private sources could fund Calif. high-speed trains

Posted on April 19, 2007

Funding for the construction of California's high-speed train system will likely come from a combination of private and public funding sources, according to a preliminary analysis presented to the California High-Speed Rail Authority Board at its monthly public meeting. The initial evaluation was prepared jointly by the Infrastructure Management Group Inc. and Lehman Brothers. Private sector opportunities include revenue bonds, equity investments, joint-development of multi-modal stations, vendor financing and operations, as well as design-build contracts. As for state funding, the analysis concluded that the state's approval of the $9.95 billion High-Speed Rail Bond does not exceed Gov. Schwarzenegger’s administration's targeted debt service to General Fund ratio of 6.5%. The bond is currently scheduled for voter consideration on the November 2008 ballot. New strategies introduced in the analysis included utilizing regional strategic partnerships for urban station development and operations, and utilizing the project's environmental benefits for funding, such as a carbon credit cap and trade system.

View comments or post a comment on this story. (0 Comments)

More News

First Transit to pilot autonomous vehicle passenger shuttle

The AV passenger shuttle will run a fixed-route stopping at designated stops within an office park. The pilot will begin with two vehicles — each with a customer service agent onboard for passenger questions and information.

Luminator introduces 'Get Real' repair service program

While a basic repair service program was in place, Luminator has restructured and formalized the program to improve service and market competitiveness.

McDonald Transit appoints Rigler to president post

Prior to McDonald Transit, Rigler served as sr. VP-Global Solutions at Iron Mountain Inc., an S&P 500 company employing almost 17,000 professionals in over 1,000 facilities across 36 countries.

Connect Transit receives state funds, avoids shutdown

The agency announced Thursday that the payment of almost $1.9 million covers the time period of July 2016 through September 2016 and is part of a nearly $17.6 million transfer to the Downstate Public Transportation Fund.

APTA names new chief counsel

Linda C. Ford currently serves as associate administrator of the FTA's Office of Civil Rights.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close