Date: 13/04/2013

The top candidate to build the first 29 miles of California's bullet train in the Central Valley bid just under $1 billion, below the state's estimates of the cost, high-speed rail officials announced Friday. The California High Speed Rail Authority said the Tutor Perini/Zachry/Parsons joint venture submitted a bid of about $985 million and was ranked first out of five competitors. The team offered the “apparent best value” based on price and technical proposals, officials said.

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First bullet train construction bid is below state estimate

Los Angeles Times

First bullet train construction bid is below state estimate