The California High-Speed Rail Authority released bid results from five teams seeking to design and build the first section of the state’s high-speed rail line between Madera and Fresno. Proposals submitted in January for the approximately 28-mile segment were scored 70% on price and 30% on technical merit, with the team of Sylmar, Calif.-based Tutor Perini Corp., San Antonio-based Zachry Construction Corp. and Parsons Corp., Pasadena, Calif. coming out on top, primarily due to its low bid of $985.14 million.
“We are very excited about it,” says Ronald Tutor, president and CEO of Tutor Perini, which led the team. “It was very important to us as a California-based contractor.”