A joint venture (JV) comprising Tutor Perini, Zachry and Parsons is leading the competition to design and build the first section of California’s high-speed rail system.
The California High-Speed Rail Authority announced that the JV had scored highest with its bid of $985,142,530 to construct the Madera to Fresno route.
The design-build contract was estimated at between $1.2 billion and $1.8 billion.
Five proposals were submitted and then judged on technical merit (30 per cent) and cost (70 per cent).
“Today is a significant milestone,” said Jeff Morales, chief executive of the California High-Speed Rail Authority.
“We received proposals from five world class teams and are moving forward to deliver a world class program. It’s time to get to work in the Central Valley and create thousands of jobs.”
The California High-Speed Rail Authority has said that procurement process will now continue before a contract is presented to the authority’s board of directors in the next few weeks.
