The first construction phase for California’s high-speed rail plan to link San Francisco and Los Angeles in under three hours has a builder. And the bid came in $200 million under expectations.
The California High Speed Rail Authority has chosen the Tutor Perini/Zachry/Parsons joint venture as the winning bid for initial construction on the first 28-mile segment of the the line in California’s Central Valley between Madera and Fresno.
"Today is a significant milestone," Authority CEO Jeff Morales said in a statement.