Caltrans Director Says the Governor's Strategic Growth Plan Provides Substantial Down Payment on Meeting California's Long-Term Transportation Needs; He Touts Public-Private Partnerships.SACRAMENTO, Calif. -- Caltrans Director Will Kempton told legislators today that the Strategic Growth Plan Governor Schwarzenegger successfully proposed last year is the first installment on a 20-year investment in California's future. He added that aggressive leveraging of the $19.9 billion transportation bond proceeds with private sector, federal and local resources will "multiply mul·ti·ply v. 1. To increase the amount, number, or degree of. 2. To breed or propagate. the total funds that can be dedicated to improving and building transportation infrastructure." "As part of the Strategic Growth Plan, we articulated ar·tic·u·la·ted adj. Characterized by or having articulations; jointed. a vision of transportation in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). that would reduce the level of congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. in 10 years to less than what it is today," Kempton told members of the Senate Transportation and Housing Committee. "To accomplish this significant objective, we estimated a $107 billion investment in transportation infrastructure would be necessary over the next 10 years." Kempton said that approval by voters of Propositions 1A and 1B in November "provides a substantial down payment on meeting California's long-term transportation needs" and that AB 1467, enacted this past legislative session, provides additional opportunities for implementing high occupancy toll lanes (HOT lanes) and leveraging private sector investments in transportation infrastructure. "We need to build on this existing authority, to engage public-private partnerships Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3. on new transportation corridors, in order to attract private investment in California's transportation future," Kempton said. A complete transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record of Kempton's remarks is on the Caltrans Web site at: http://www.dot.ca.gov/docs/P3LegislativeHearingTestimony.doc |
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