Train Builders Meet to Seek Private Investment for California's Groundbreaking Plan for High-Speed Trains

2008-03-26 22:39:07 -

- California High-Speed Rail Authority: -0- Who: -- David Crane, Special Advisor to the Governor for Jobs and Economic Growth -- Mehdi Morshed, California High-Speed Rail Authority, Executive Director -- Anthony Daniels, Parsons Brinckerhoff Quade & Douglas, Inc., Project Director -- Sasha Page, Infrastructure Management Group, Inc., Vice- President for Finance What: The meeting is a "Request for Expressions of Interest for Private Participation" in the Development of a High-Speed Train System and is open to the public. The Authority is particularly interested in companies with experience as part of a public-private partnership (P3) approach for high-speed train development and/or other large infrastructure projects. Over fifty representatives from private investors are expected, including contractors, equipment vendors, operators and financiers. When: Thursday, March 27, 2008 1:00PM Welcome and Overview of Performance Based Infrastructure Initiative 1:30PM Overview of the California High-Speed Rail Authority 1:45PM Overview of Project Technical Information 3:00PM Overview of Current Financial Plan Where: State Building, 1500 Capitol Avenue, Sacramento, CA 95814

The California High-Speed Rail Authority is responsible for building high-speed train service that is integrated with the state's inter-city trains and bus networks, covering 800 miles at speeds over 220 MPH. That includes conducting engineering and other studies, evaluating alternative high-speed train technologies, establishing criteria for awarding a franchise, preparing a detailed financing plan and selecting franchisees, a train route and terminal sites.

By linking all major cities in California with a state of the art new transportation option, high-speed trains will move people and products across our state like never before. California's planned high-speed train system will increase mobility while cutting air pollution and reducing the greenhouse gas emissions that cause global warming.

California High-Speed Rail Authority
Kris Deutschman, 916-444-8801