Per Rail.co, the successful bidder for the first tiny phase of California’s High-Speed Rail project has been announced:
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.
At $985 million, this 28-mile segment will cost $35 million/mile. This will NOT INCLUDE actual rolling stock (trains for you OJ readers), signaling or electrification. We also doubt that right-of-way has been acquired.
And isn’t this special, from the National Black Chamber of Commerce on the firm Tutor Perini: Corrected: …the principal owner of Tutor Perini is Richard Blum, the husband of US Senator Dianne Feinstein (D – CA.) who serves on the Senate Armed Services Committee which oversees the Dept. of Defense. Since joining the US Senate, Senator Feinstein and her husband have enjoyed billions of dollars in defense contracts. She voted for the Afghanistan War and their company is rolling in contracts directly related to the war right now.
Please see our update below re. Richard Blum.
Here’s another story on Blum and Feinstein: Dianne Feinstein Still Dogged by Allegations of Conflicts of Interest.
Update (04.28.13): We can NOT determine if Richard Blum held a titled corporate position or was ever a member of Tutor Perini’s Board of Directors. After an LA Times writer left a comment here, we did further diligence and contacted the writer of the National Black Chamber of Commerce story linked above. He did not return an email, but we did speak with Mr. Weikel, the Times reporter who was able to tell us that Blum divested his considerable shares in TPC (an NYSE-traded firm) between 2005 and 2006. We can not determine if he still owns any shares in the company, and it appears from close examination of their 2011 Annual Report that he no longer has a formal relationship with them.
Update (05.05.13): UTSanDiego.com has confirmed the current non-relationship between Richard Blum and Tutor Perini today: Feinstein denies husband’s ties to rail bidder.