CHSRA adds Momentum Alliance Partners as codeveloper
The California High-Speed Rail Authority (CHSRA) has signed a co-development agreement (CDA) with Momentum Alliance Partners, a consortium of high-speed rail, infrastructure and investment firms.
The CDA reflects progress in CHSRA's efforts over the past year to advance a business-focused delivery strategy, CHSRA officials said in a press release. This strategy has centered on right-sizing infrastructure, accelerating revenue-generating segments, strengthening long-term funding certainty and identifying opportunities for private sector involvement. CHSRA and the partners now enter an initial six-month predevelopment and delivery evaluation phase focused on identifying strategies, such as infrastructure sequencing and delivery models, to advance system expansion beyond the segment currently under construction between Merced and Bakersfield. Additionally, the partners will assess long-term commercialization opportunities associated with the high-speed rail corridor, such as broadband and fiber networks, data infrastructure, utility and transmission corridors, station area development and strategic land use partnerships, CHSRA officials said. Momentum Alliance Partners consists of Plenary Americas, CDPQ Infra, Keolis, SNCF Voyageurs, Jacobs, Sener, SYSTRA, Setec, Arup and Steer.