California's first public-private partnership procurement has passed two major hurdles in the last week. First, after a long anticipated and much-debated hearing, the California Transportation Commission approved the San Francisco Presidio Parkway Project last week on an 8-3 vote.
Second, on May 25, the California Department of Transportation released the draft request for proposals to design, build, finance, operate and maintain the Presidio Parkway. The project, sponsored by Caltrans and the San Francisco County Transportation Authority, is being closely watched because it is the first P3 project under the new Section 143 of the California Streets & Highways Code, which permits Caltrans and regional transportation agencies to work with the private sector in developing transportation facilities in the state (for more about Section 143, see 'California Passes First Significant Transportation PPP Law in 20 Years').
The CTC vote was a topic of discussion at the California Public Infrastructure Advisory Committee meeting this week, which preceded the Public Infrastructure Financing Forum held at the California Science Center in Los Angeles.
Caltrans plans to issue the final RFP on June 29, 2010.
Evan Caplicki guides public agencies through all stages of the innovative infrastructure project development process – from delivery option selection through procurement and contracting, to contract administration and ...
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