California’s Request for Expressions of Interest (RFEI) for private investors in various components of the high-speed rail project requests responses, up to 25 pages in length, by 28 July, though the Authority may accept responses afterwards. Much of the RFEI notes the project’s successes to date and its staying power. No surprises here.
The state is currently embroiled in a fight with the Trump Administration (see this edition) over the project’s federal grants. It is worth noting that the pivot to solicit private investors actually predates that conflict. It was one of the strategies of the Authority’s new CEO Ian Choudri, who just took the helm last August. The Authority also organized an industry forum on the topic in January.
