High Quality
Open the downloaded document, and select print from the file menu (PDF reader required).
LAOs
The
2009
High-Speed
Rail
Business
Plan
LEGISLATIVEANALYST'SOFFICE
Presented
to:Assembly
Transportation
Com
m
ittee
Hon.
Mike
Eng,Chair
kAOA
2008
Hish-speed
Rair
Business
pran
65
YEARSOF SERVICE
January
11,2010
Requirement.
Chapler
267,
Statutesof
2008
(AB
3034,Gal-giani),required
the
High-Speed
Rail
Authoritytosubmit a busi-nessplanfor
the
high-speedtrainsystem to
the
Legislature
by
September
1,
2008.The
plan
was
released
on
November7,
2008.
Plan
Lacked
Specifics.
Informationprovided
in
the
planwas
very
generaland
did
notprovide
specifics
that are
included
in
typical
businessplans.The
figure
belowsummarizesourreview
of
the
2008
plan.(See2009-10BudgetAnalysis
Series:
Trans-
po
rtatio
n,
page
T R-
47.)
2008
Business
Plan
Fails
to
Provide
Many
Details
Statutory
Requirements
Sample
of Missing
Details
Description
of
the
anticipated
system
r
Whal
are theexpecled servicelevels,by segment?
r
What
is
the assumedtrain capacily?Forecast
oi
palronage,operating,and capital
costs
o
Howare the ridershipeslimatesprojected?
o
What
is
theoperatingbreak-evenpoint?
e
Howwill costsbe distribuledby roulesegment?
Estimate
of necessaryfederal,slate, and
local
funds
.
Howwould fundsbe secured?
o
Whatlevel
ol
con{idence
is
there
for
receivingeach
lype
of
funding?Proposedconstrucliontimelinefor each
segmenl
.
Whal
is
theproposedschedule,by segment,
lor
complelingdesign/environmentalclearance?
.
Forbeginning/completingconstruction?Discussron
of
risksand
miligation
slralegtes
.
Howwouldeachtype ofrisk impacttheprolect?
.
Whatspecific mitigationstrategiesareplannedto be deployed?
LEGISLATIVE
ANALYST'S
OFFICE
January11,2010
T
AOa
2009-10
Budget
Requires
*^-A
Business
PlanRevision
65
YEARS
OF
SERVICE
2009-10
Budget
Requiremenf.
Thecurrentyearbudgetdirect-ed
the
authority tosubmit
a
revisedbusinessplanto the
Joint
LegislativeBudgetCommitteeby
December
15,
2009.
RequiredElements.
The
revisedplanmust include,
at
a
mini-
mum:
I
A
plan
for
a
community
outreach component tocities, towns,and
neighborhoods
affected
by
the
project,
I
Furthersystem details,such
as
routeselectionand alterna-
tive
alignmentconsiderations.
r
A
thorough
discussiondescribing the stepsbeingpursued
to
secure financing.
I
A workingtimeline withspecific, achievableprojectmile-
stones.
I
Thestrategies theauthority
would
pursue
to
mitigatedifferentrisksandthreats.
I
Additional
informationrelatedto
funding,
projectdevelopment
schedule,proposed
levels
of
service,
ridership,capacity,op-
erational
plans,
cost,
privateinvestmentstrategies,staffing,anda
history
ofexpendituresand accomplishmentsto
date.
LEGISLATIVE
ANALYST'S
OFFICE
Add a Comment