In a recent meeting of the California High-Speed Rail Finance and Audit Committee, significant progress was reported on the relocation of utilities and railroad parcels essential for the ongoing construction of the high-speed rail project. As of now, 581 out of 680 telecoms have been successfully relocated, marking an 85% completion rate. The remaining parcels, totaling 25, are more challenging and are expected to be relocated at a rate of one or two per month over the next 18 months. Notably, there are currently no land issues hindering construction.
The committee also highlighted the delivery status of railroad parcels, with 130 out of 153 parcels delivered to design-build contractors, thanks to effective collaboration with the Union Pacific Railroad and the Denver and Rio Grande Western Railroad. The project is on track, with a scheduled performance indicator of 0.96, indicating a positive trend towards the anticipated completion date of November 2026.
During the public comment segment, concerns were raised regarding the project's expenditure on contingency funds, which currently stands at $5.5 billion. A speaker emphasized the alarming rate of change orders under $25 million, suggesting a lack of oversight and calling for an investigation by the inspector general.
The meeting concluded with no further comments from committee members, and attendees were invited to join the upcoming board meeting.