Daim Ntawv Tshaj Tawm CEO

March 5, 2025

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2025 PROJECT UPDATE REPORT

CEO Message:
- Analyze every aspect of this project to deliver this system efficiently and effectively
- Engage with industry to accelerate delivery and refine our approach
- Shift how we deliver the system by:
  - Building smarter, faster, more economically
  - Prevent costly delays
  - Structuring into a project delivery team
- Work with legislature to provide more jurisdictional authority to CAHSRA
- Find innovative ways to stabilize funding/financing
Forthcoming Updates:
- Updates this summer on efficiencies, process improvements, scope, cost, procurement strategy, ridership, and schedule:
  - Drive efficient use of resources and funds
  - Streamline operations to transition to a project delivery structure
  - Enhance project delivery, performance, and future commercial value
  - Advance development of the Southwest High-Speed Rail Network
- Private financing partnership opportunities with state backstop/credit enhancement

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California High-Speed Rail Board of Directors sitting in front of trainset interior white mock-ups.

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(916) 324-1541
boardmembers@hsr.ca.gov

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