Public-Private Partnerships Are Key to Success

Wednesday, January 21, 2009

California voters endorsed a highly anticipated ballot proposition to approve raising $9.9-billion (U.S.) in state bonds for the first leg of a high-speed rail line extending from San Diego to San Francisco and Sacramento. But as is the case with high-speed rail systems in much of Europe and Japan, the proponents of the California project have been up front about the need to involve the private sector in this massive undertaking. The California High Speed Rail Authority has retained a finance firm, to assess the opportunities to involve private players.