ACEC California Presents CalTrans with Board Resolution on P3 Project

President John Moossazadeh (R) presents CalTrans Director Malcom Dougherty (L) with recognition on Presidio Parkway Project

Sacramento, CA — Malcolm Dougherty, Director of Caltrans, receives an ACEC California board resolution congratulating the agency for its leadership role in sponsoring and contributing to the success of the $365 million second phase seismic retrofit of San Francisco’s Presidio Parkway (Doyle Drive) approach to the Golden Gate Bridge. The infrastructure enhancement was the first major California transportation improvement project to use California’s landmark 2009 public-private partnership (P3) law to obtain project financing from the private sector. As promised, the design-build process used to finance and build Presidio Parkway Phase 2 was less costly than projected. Up to fifteen public-private partnership projects have been approved under California state law, including ten to be managed by Caltrans. Presenting the resolution on the right is ACEC California President John Moossazadeh.

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