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CALIFORNIA HIGH-SPEED RAIL

Silicon Valley Leadership Group

February 5, 2014

eBay, San Jose

P R E S E N T E D B Y

Ben TripousisNorthern California Regional DirectorCalifornia High-Speed Rail Authority

HIGH-SPEED RAIL: MORE THAN A TRANSPORTATION PROGRAM

• California is 8th Largest Economy in the World

• Comparable to Northeast Corridor in Terms of Distance, Population and Complexity

• It is a Transformational Investment

• Connecting all California Population Centers

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WHY HIGH-SPEED RAIL IN CA?

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A sustainable mode of travel is needed between Northern and Southern California

• Six of top 30 congested urban areas in the US are in California

WHY HIGH-SPEED RAIL IN CA?

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62% of Flights from Bay Area Airports to L.A.

—Busiest short-haul market in the US

—Flights routinely delayed by an hour or more

—5 million passengers annually fly between LA and SF – more than NY to DC market

WHY HIGH-SPEED RAIL IN CA?

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Over the next 30 to 40 years, California is projected to add the equivalent of the current population of the state of New York

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Today 30+ years

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PLANNING TO IMPLEMENTATION

1970s: California Creates Plans for Statewide High-Speed Rail System

1996: Authority Created

2009: Federal Stimulus Passed

2008: Prop 1A Passed

2012 – Today:• Rail Improvements Sooner

• Blended System Reduces Cost

RESULTS FOR CALIFORNIA

• Reduction in Vehicle Miles Travelled (VMT)

– By 2040, the system will reduce vehicle miles by almost 10 million miles every day

– By 2030, the reduction in VMT would be like removing one 500-mile lane of cars

• Daily Number of Flights Diverted

– Starting in 2030, the state will see a daily reduction of 93 to 171 flights

– By 2040, the state will see a dailyreduction of 97 to 180 flights

• Statewide air quality improvement:– Tons of volatile organic compounds reduced– Tons of particulate matter reduced– Tons of ozone precursors

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FUNDING (SENATE BILL 1029)• Signed into Law by Governor Brown in July

2012$2.7 billion (Prop 1A) & $3.3 billion (ARRA) First Segment of IOS from Merced to Bakersfield

$600 million (Prop 1A)Modernize Caltrain Corridor

$500 million (Prop 1A)Upgrade Rail in SoCal

$819 million (Prop 1A)Connectivity Projects Statewide

$252 million (Prop 1A/ARRA) Planning and Design of Phase I and Phase II of System

$3.3 Billion Federal ARRA Grant Funds

$2.7 Billion Prop 1A Funds

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NORTHERN CALIFORNIA CONNECTIVITY

$145 million Millbrae Station Track Improvements and New Trains

$41 million $26 million (Caltrain + VTA) Caltrain Positive Train Control & Advanced Signal System

$705 million Caltrain Electrification & Electrified

Rail Vehicles

$11 million Capitol Corridor Oakland to San Jose Track Improvements

$11 million Stockton Passenger Track Extension (Gap Closure)

$1 billion for Northern California Transit Projects

$61 million Central Subway Extension

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CALTRAIN ELECTRIFICATION PROGRAM

• $705 Million Investment

• Provides Passengers with Immediate Benefits

• Upgrades Existing Rail Lines

• Improves Performance by Electrifying Corridor

• Installation of Advance Signal System/Positive Train Control

• Purchase of New Electrified Rail Vehicles

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Initial Operating Section

2022: Initial Operating Section

• Merced to San Fernando Valley

• 300 Miles

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2027: Bay to Basin

• San Jose to San Fernando Valley

• 410 Miles

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2029: Phase I Blended

• San Francisco to Los Angeles

• 520 Miles

• One Seat Ride

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Phase II: Future Extensions to Sacramento and San Diego

800 Miles

• Central Valley will Serve as the “Backbone” of a System that will Tie Major Regions of California Together

• Fastest Growing Region in the State

• Availability of Federal Funding

• Ability to Advance the Project Faster and at a Lower Cost

• Testing and Certification of First High-Speed Equipment in the United States

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WHY START IN THE CENTRAL VALLEY?

Merced to Fresno Project Section: 65 Mile Route

Environmental Clearances in 2012 Paved Way for Work to Begin

• Construction Package 1• 29 miles• Avenue 17 in Madera to East American Avenue in

Fresno

• Contractor and Management Team In Place Opened Offices in Downtown Fresno Hiring Workers Completing Designs Conducting Field Work Finalizing Third Party Agreements 16

WORK IS UNDERWAY

CLEAN & GREEN CONSTRUCTION

• The Authority has committed to using 100 percent renewable energy to power the system

• Net Zero Greenhouse Gas Emissions

• Recycling 100% of Steel and Concrete

• The Authority will partner with local organizations to plant over 5,000 trees

• The Authority will preserve up to 6,000 acres of farmland

• By 2030 the system will reduce GHG emissions by up to 8.4 million metric tons

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SMALL BUSINESS PROGRAM

Aggressive 30% Goal for Small Business Participation

Including• 10% for Disadvantaged Business Enterprises (DBE)

• 3% for Disabled Veteran Business Enterprises (DVBE)

Meeting & Exceeding Goals

Free Statewide Certification Workshops

Partnerships with Federal, State and Local Organizations

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NEXT STEPS: CLOSING THE GAP

• State Calls for Supreme Court Review

• Continue Work in Central Valley, Peninsula, Southern California

• Work with Cities/Regions to Address Local Concerns

• Connect Northern and Southern California-Close the Tehachapi Gap

• Fund Construction of the System-Private Financing/Investors-Federal Grants/Loans-California Cap & Trade Revenue-TOD Revenues-Concessions

CONTROVERSY IS NOTHING NEW

• Transformational Projects Have Never Been Easy

• Golden Gate Bridge:• “Upside-Down Rat Trap that will Mar the Beauty of the Bay”

• 2,000+ Lawsuits

• BART – Once Called the Train to Nowhere

• Calif. State Water System, University of Calif. System

• Single-Vote Margins

• Where Would We be Without Them?20

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CALIFORNIA HIGH-SPEED RAIL AUTHORITY

CONTACT INFORMATION:

California High Speed Rail Authority770 L Street, Suite 800Sacramento, CA 95814916-324-1541 info@hsr.ca.gov

Ben Tripousis100 Paseo de San Antonio, #206San Jose, CA 95113408-477-5631Ben.Tripousis@hsr.ca.gov