Preferred Proposer Selected for Presidio Parkway Project
A short six months after shortlisting proposers, the California Department of Transportation and the San Francisco County Transportation Authority selected Golden Link Partners, a consortium led by Hochtief PPP Solutions North America and Meridiam Infrastructure North America, as the Preferred Proposer for Presidio Parkway Project. Golden Link Partners submitted an annual availability payment of $28,549,189, well within the $35 million limit authorized by the California Transportation Commission in April 2010. This significant event in the procurement follows closely on the announcement that the project funding was appropriated as part of the recently passed California budget. Commercial close for the project is slated for December 2010.
The Presidio Parkway Project in San Francisco is the first project to reach the preferred proposer stage under California's new public-private partnership statute, Streets and Highways Code section 143. For more about the Presidio Parkway Project and Section 143, see Final RFP for the Presidio Parkway Project Released, Presidio Parkway Reaches Two Important Milestones, and Presidio Parkway Project RFQ Issued.
