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As I'm sure you know by now we were able to get the final compromise on the high-speed
rail financing bill in the legislature late last week. The passage of the bond funding will now allow the Central Valley projects to move forward as planned. There could still be
some delays, particularly in the southern sections, while they deal with completing the EIR and face potential lawsuits.
Along with the passage of the bond funds for the Central Valley HSR project there was $1.1 billion allocated to the urban areas for high-speed rail. That includes $600 million for
electrification in the SF Bay area which will be matched by a similar amount from the local authorities. In addition,$500 million will be made available in
the Los Angeles area, which again will have to be matched by local authorities, federal funds, or the private sector. Finally as you can see from the below chart about $750
million is also allocated for connectivity funds. These funds will be used by the local rail agencies in the amounts indicated below. In many cases these new funds will allow them to
complete projects of much larger size where they have already been able to identify other funds. For example, in LA, the connectivity funds provide the final amounts needed for the regional
In summary, in addition to the $7.9 billion authorized by the Legislature a minimum of $750 million will be provided to the local authorities and other funding will often be used to complete the
projects. This will ultimately result in over $10 billion in funding for rail projects in California. This does not count things like Desert
Xpress which now awaits a decision from the federal government to move forward. LA Metro is completing a study on the Palmdale Victorville section of that project which could add
another $2-$3 billion in construction in that Corridor and when added to the $6.5 billion from DX would produce close to $10 billion of additional rail work.
Our team will be having some meetings in order to get a better
sense of how they hope to allocate their funds. We will begin tracking all the funds and their local products.
If you want to know how we can help your company achieve success
in this market, please contact firstname.lastname@example.org