High-speed rail contract lower than expected
June 7, 2013
A consortium of construction companies from Sylmar, Texas, and Pasadena has won a $985 million contract from the California High Speed Rail Authority to build the first leg of the state’s planned bullet train. (Sacramento Bee)
Tutor Perini Corp. of Sylmar, Zachry Construction of Texas and Parsons Corp. of Pasadena won the contract with a bid substantially lower than early estimates by state officials. The Tutor Perini/Zachry/Parsons team was the lowest of five bidders.
The initial segment of rail will stretch from Madera to the south end of Fresno.
According to state officials, 30 percent of the design work has been completed by consultants and engineers, but the work remaining will be performed by the contract winner.
The next closest bid was about 16 million more than that submitted by Tutor Perini/Zachry/Parsons. The highest bid was $1.5 billion.
Original cost estimates for the segment’s construction were as much as $200 million, according to rail authority officials.