For over 50 years, after both public and private studies confirmed California's need for high-speed rail, nothing happened. The rest of the US had a similarly disappointing experience when attempting to break into the rapidly growing family of nations with operating high-speed trains. Yet, over the past year, California has contracted over $2.5 billion in high-speed rail civil work, is preparing RFPs for three times that amount, and has secured commitments for nearly $25 billion in additional federal and state funding over the next 30 years. Private investors are lining up for the nation's first high-speed rail public-private partnership to complete this $68 billion, 540 mile project. This chapter describes the unprecedented technical excellence, political courage, and visionary voter support that created that high-speed rail breakthrough for California and the nation.
Tripartite Risk Game Analysis on Public Private Partnership Projects of High-Speed Rail from the Perspective of Bank