Jon Wrote:
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> Boondoggle Alert: CA’s Politicians Pretend Private
> Investors Want In On High-Speed Rail
>
> California Political Review
> By Chris Reed
> November 8, 2015
>
> Chris Reed is an editorial writer for the San
> Diego Union-Tribune.
>
> Originally published by City Journal Online.




Give me a break. The questions submitted by the authority to interested parties in the project DID NOT ASK FOR INVESTMENT with the submission of such letters.

The financing questions specifically asked were:

11.7 Funding and Financing Questions

7. Given the delivery approach and available funding sources, do you foresee any issues with
raising the necessary financing to fund the IOS-South project scope? IOS-North project
scope? Both? What are the limiting factors to the amount of financing that could be raised?

8. What changes, if any, would you recommend be made to the existing funding sources?
What impact would these changes have on raising financing?

9. Given the delivery approach and available funding sources, is an availability payment
mechanism appropriate? Could financing be raised based on future revenue and ridership
(i.e., a revenue concession)? Would a revenue concession delivery strategy better achieve
the Authority’s objectives?

No questions asking for financing that day.

And by the way, Michael Cahill, president of Siemens Industry Inc.’s mobility division, said his company didn’t propose private financing because the state’s request wasn’t specifically set up for a financial proposal. But, he said, Siemens could be interested in making a financing pitch at some point.

“We didn’t propose anything concrete in terms of private money going in, because there wasn’t an opportunity to do that,” he said. “Which doesn’t mean we wouldn’t be interested. Quite the opposite.”