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California high-speed rail construction contract awarded

Discussion in 'On Track.' started by News, Jun 7, 2013.

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  1. News

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    Tutor Perini, Zachry and Parsons have been awarded a $985 million contract to design and build the first stretch of California’s new high-speed rail line.

    The joint venture was announced as the project’s preferred bidder in April for the Madera-Fresno segment of the $69 billion network.

    Local press reports from California have stated that the California High-Speed Rail Authority’s board voted 6-0 in favour of awarding the works to the Tutor Perini-led JV.

    The winning bid was the cheapest of the proposals submitted, coming in $100 million less than its nearest competition.

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