California High-Speed Rail

AECOM publishes new high-speed rail report presenting first-of-its-kind research on the future of rail delivery

Retrieved on: 
Wednesday, March 13, 2024

Research presented in the report found that economic growth, technology, adaptability and on-time completion prove the most critical success factors in the first year of HSR operation.

Key Points: 
  • Research presented in the report found that economic growth, technology, adaptability and on-time completion prove the most critical success factors in the first year of HSR operation.
  • Success factors also varied widely by region:
    Europe’s primary success factors included a reduction in air/vehicle traffic, use of the latest technology, and future adaptability.
  • For the Asia and Pacific region, on-time completion, low environmental impact, and social benefits comprised the top key success factors.
  • The Company’s work includes California High-Speed Rail, HS1 in the UK, and Taiwan High-Speed Rail.

Cadiz Inc. Announces Appointment of Barbara Lloyd to its Board of Directors

Retrieved on: 
Friday, March 1, 2024

LOS ANGELES, March 1, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced that Barbara Lloyd, a leading professional in the project finance industry with deep experience in public-private infrastructure financing in California, was appointed today to the Company's Board of Directors.

Key Points: 
  • "Cadiz will be the first Company in the world to convert natural gas pipelines for water conveyance.
  • Lloyd's appointment filled an existing vacancy on the Cadiz Board and is effective immediately.
  • The Board also appointed Lloyd to serve on the Audit & Risk and Compensation committees.
  • The appointment of Lloyd makes the Cadiz Board a majority women directors for the first time in the Company's history.

AECOM partnering with key clients to deliver the next generation of major U.S. rail projects

Retrieved on: 
Wednesday, February 7, 2024

AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that numerous projects the company is delivering for major U.S. transportation clients have secured funding from the Federal-State Partnership for Intercity Passenger Rail Grant Program.

Key Points: 
  • AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that numerous projects the company is delivering for major U.S. transportation clients have secured funding from the Federal-State Partnership for Intercity Passenger Rail Grant Program.
  • The program will provide approximately $16.4 billion in total funding for critical rail infrastructure along the heavily-used Northeast Corridor and nationwide.
  • With this latest round of investment, the firm continues its long track-record of supporting clients in winning and delivering key federally-funded rail projects.
  • Its current work includes California High Speed Rail, the Lyon-Turin high speed rail link, and Metro Tunnel Melbourne in Australia.

Ferrovial celebrates opening of NTE 35W Segment 3C in Texas - a more than $1 billion investment in improving America's roadways

Retrieved on: 
Tuesday, June 20, 2023

Completed three months ahead of schedule, the roadway was constructed by Ferrovial Construction and Webber, also subsidiaries of Ferrovial.

Key Points: 
  • Completed three months ahead of schedule, the roadway was constructed by Ferrovial Construction and Webber, also subsidiaries of Ferrovial.
  • Through this public-private partnership, the NTE 35W Segment 3C project was constructed at no cost to the State of Texas.
  • As of today, Ferrovial's total investment in Texas highways amounts to more than $7 billion.
  • "There is an incredible sense of accomplishment when you complete a major infrastructure project like the rebuilding and expansion of Interstate 35W.

California High-Speed Rail Hits a Milestone: 10,000 Green Jobs in the Central Valley

Retrieved on: 
Tuesday, February 14, 2023

WASHINGTON, Feb. 14, 2023 /PRNewswire/ -- California High-Speed Rail has hit a milestone of 10,000 green, union jobs on program construction in the Central Valley, providing strong evidence that good-paying blue-collar jobs are coming back to America. Green, union jobs on sustainable projects like high-speed rail will help the U.S. transition to a carbon-free economy and end dependence on fossil fuels.

Key Points: 
  • WASHINGTON, Feb. 14, 2023 /PRNewswire/ -- California High-Speed Rail has hit a milestone of 10,000 green, union jobs on program construction in the Central Valley, providing strong evidence that good-paying blue-collar jobs are coming back to America.
  • Green, union jobs on sustainable projects like high-speed rail will help the U.S. transition to a carbon-free economy and end dependence on fossil fuels.
  • California High-Speed Rail is the largest infrastructure project in the nation—an all-electric, sustainable rail system to connect Northern and Southern California.
  • The U.S. High Speed Rail Association (USHSR) commended the California project for leading the way in creating green, union jobs.

California High-Speed Rail Authority Selects Atlas and Its JV Partners for $400 Million Program Management Contract

Retrieved on: 
Tuesday, January 3, 2023

AUSTIN, Texas, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today that it is a member of the joint venture team that was selected to provide program delivery support for the California High-Speed Rail project. The joint venture, led by AECOM, includes Atlas, other partners and 26 small businesses, disadvantaged business enterprises, and disabled veteran business enterprise firms. The $400 million contract awarded by the California High Speed Rail Authority has a term of four years, with two, one-year extension options. Atlas will book approximately $65 million in fourth quarter 2022 backlog with work expected to begin immediately.

Key Points: 
  • The joint venture, led by AECOM, includes Atlas, other partners and 26 small businesses, disadvantaged business enterprises, and disabled veteran business enterprise firms.
  • The $400 million contract awarded by the California High Speed Rail Authority has a term of four years, with two, one-year extension options.
  • Atlas will book approximately $65 million in fourth quarter 2022 backlog with work expected to begin immediately.
  • The California High-Speed Rail project is the first of its kind in the United States.

Stantec selected to design the California High-Speed Rail extension from Merced to Madera

Retrieved on: 
Monday, December 19, 2022

The Merced to Madera design contract is valued at US$41 million, which is expected to be delivered over about two years.

Key Points: 
  • The Merced to Madera design contract is valued at US$41 million, which is expected to be delivered over about two years.
  • Stantec will finalize the project configuration footprint, advance design work to refine costs and travel-time enhancements, and map right-of-way needs and utility relocations.
  • The Merced to Madera section is the key junction that will connect the 500-mile-long project between the Bay Area and Los Angeles.
  • California High-Speed Rail is a significant step in the right direction.”
    Stantec has worked with California High-Speed Rail for eight years, including as project/construction manager on Construction Package 2-3.

Ferrovial opens I-66 Managed Lanes toll road in Virginia -- an investment worth USD 3.7 billion

Retrieved on: 
Tuesday, November 29, 2022

Representing an investment of USD 3.6 billion (3.46 billion), this is one of the largest public-private partnership (P3) projects undertaken in the infrastructure area in the United States this century.

Key Points: 
  • Representing an investment of USD 3.6 billion (3.46 billion), this is one of the largest public-private partnership (P3) projects undertaken in the infrastructure area in the United States this century.
  • Cintra will operate and maintain this Managed Lanes toll road under a 50-year concession.
  • "We are delighted to have had the opportunity to work so satisfactorily with the Virginia Department of Transportation.
  • Managed Lanes represent a solution for congested urban corridors by enabling traffic to access additional toll lanes and maintaining higher speeds during rush hours.

AECOM-led joint venture to provide program management support for the California High-Speed Rail program

Retrieved on: 
Thursday, November 10, 2022

AECOM (NYSE: ACM), the worlds trusted infrastructure consulting firm, announced today that its joint venture has been selected by the California High-Speed Rail Authority (Authority) to provide program management support for the California High-Speed Rail program, a first in the nation electrified high-speed rail line that will connect cities across California with frequent train service exceeding 200 miles per hour.

Key Points: 
  • AECOM (NYSE: ACM), the worlds trusted infrastructure consulting firm, announced today that its joint venture has been selected by the California High-Speed Rail Authority (Authority) to provide program management support for the California High-Speed Rail program, a first in the nation electrified high-speed rail line that will connect cities across California with frequent train service exceeding 200 miles per hour.
  • The AECOM-led joint venture will leverage AECOMs global high-speed rail and program management expertise to realize the timely delivery of the program while supporting the Authoritys bold vision of generating statewide mobility, environmental, social and economic benefits.
  • The California High-Speed Rail program is world-class, epitomizing the positive impacts were generating through our Sustainable Legacies strategy.
  • The joint venture is expected to implement an operating model that facilitates the successful delivery of a full array of program delivery services in support of the Authority, such as program planning and strategy; environmental and engineering management; infrastructure delivery; supply chain management; and federal and state funding support.

MARTINEZ STEEL COMPLETES REFINANCING

Retrieved on: 
Wednesday, July 6, 2022

ONTARIO, Calif., July 6, 2022 /PRNewswire/ -- Martinez Steel (or "the Company"), a leading infrastructure construction services company, announced today that it has completed a refinancing with KeyBank. Proceeds will be used to fund continued growth driven by strong infrastructure demand as well as expansion plans. Additional terms of the transaction were not disclosed. Martinez Steel is a portfolio company of New State Capital Partners ("New State").

Key Points: 
  • ONTARIO, Calif., July 6, 2022 /PRNewswire/ -- Martinez Steel (or "the Company"), a leading infrastructure construction services company, announced today that it has completed a refinancing with KeyBank.
  • Martinez Steel is a portfolio company of New State Capital Partners ("New State").
  • Founded in 1994 and headquartered in Ontario, California, Martinez Steel is one of the largest independent rebar subcontractors in the United States.
  • Founded in 1994, Martinez Steel is one of the largest independent rebar subcontractors in the United States.