CEO Report

Brian P. Kelly, CEO
December 16, 2021


Third Appellate District Court Decision | FRA Administrator Site Visit | Cap and Trade Auction Results | CRISI Grant Application | Status Update on RFQ for Project Delivery Services | Year in Review Video | Relevant Materials


THIRD APPELLATE DISTRICT COURT DECISION

  • We received a favorable decision. On November 30, 2021, California’s 3rd District Court of Appeal issued a decision in favor of the State and the California High-Speed Rail Authority, finding the California Constitution does not prohibit alterations of a bond law approved by the voters for a complex public works project, like the high-speed train system, which do not divert funds from, interfere with or destroy the “single object or work… distinctly specified” in the law.
  • Decision clears the way for the state to continue spending bond funds on construction in the Valley and on related projects in the “bookends” – San Francisco Bay Area and the Los Angeles basin.

FRA ADMINISTRATOR SITE VISIT

  • FRA Administrator toured construction, met with Board Chairman Richards and Boardmember Perea, met with workers and got an update on station area planning from staff.

CAP AND TRADE AUCTION RESULTS

  • Preliminary results from November 2021 Cap-and-Trade auction.
    • Authority expected to receive approximately $323 million in proceeds.
    • If all quarters were like this one, we’d have over $1 billion in a year.
    • This represents a new record high for the Authority (Previous high was $252 million in August 2021).
    • High proceeds were largely the result of a record high auction settlement price ($28.26 per allowance versus $23.30 per allowance in August).
    • The sale of additional 2020 allowances previously unsold due to COVID, yielded about $56 million (of the $323 million total).
    • We hope this continues for some time.

CRISI GRANT APPLICATION

  • Fresno High-Speed Rail Station Renovation
    • Estimated total project cost $17m – Authority to provide 50% match.
    • Will rehabilitate historic Depot in Fresno that will be a key multi-modal station on the future HSR corridor.
    • Retrofit project will bring facility to current safety, seismic and accessibility standards.
  • California High-Speed Rail Pre-Apprenticeship Program
    • Estimated total project cost $3m – Authority will provide a 33% match.
    • In partnership with the City of Selma, the Authority will continue the construction focused pre-apprenticeship/job training program.
    • Enhancements to the program will include rail safety, CPR certification, confined space entry training, traffic control, hazardous waste operations and more.

STATUS UPDATE ON RFQ FOR PROJECT DELIVERY SERVICES

  • Program Delivery Support contract procurement timeline (approx.):
    • Late December – Scope of work out to public
    • January 2022 – Board of Directors consideration for approval to release Request for Qualifications (RFQ)
    • February 2022 – Pre-Bid meetings / Small Business outreach
    • May 2022 – Statements of Qualifications due
    • July 2022 – Board of Directors vote to approve contract award
    • July 2022 – Notice to Proceed

YEAR IN REVIEW VIDEO

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Click to Watch!


RELATED MATERIALS

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