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

Thumbnail of construction progress which says 2021 year in review prompting viewers to click on it
Click to Watch!


RELATED MATERIALS

Board of directors

Board Resolutions

View the Board Resolutions

Contact

Board of Directors Secretary
(916) 324-1541
boardmembers@hsr.ca.gov

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