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CEO presents project update; RFEI responses show industry interest in public'private partnerships and commercial uses of corridor
Summary
The authority's CEO summarized a programwide reassessment and project update that identifies how the Merced-to-Bakersfield program could be completed and extended by the late 2030s with sufficient, stable funding; an RFEI drew industry interest in availability-payment P3 packages and corridor commercial uses.
The authority's CEO presented a project update report that summarizes a programwide reassessment of design, sequencing and procurement strategies and outlines pathways for finishing the Merced-to-Bakersfield program and potential extensions to Palmdale and Gilroy by the late 2030s if funding and political commitment are provided.
The CEO said the report identifies program delivery changes that lower estimated capital costs and emphasizes the need for stable, longer-term funding. Staff noted the governor's FY 25-26 proposal to extend cap-and-trade (renamed cap-and-invest)…
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