Speed Trap Hunter Forum: Best Radar Detectors, Laser Jammers, Laser Detectors, Speed Cameras Forum  

Go Back   Speed Trap Hunter Forum: Best Radar Detectors, Laser Jammers, Laser Detectors, Speed Cameras Forum > Speed Trap & Traffic Enforcement > Economics & Politics
Radar Detectors Forum Logon:


Economics & Politics Discussion of the economic and political market driving factors of automated enforcement technology.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 2011-01-08
NMA Reporter NMA Reporter is offline
Senior Member
 
Join Date: 2008 Feb
Posts: 125
NMA Reporter is on a distinguished road
Exclamation California Legislative Analyst Blasts Public Private Partnership

Article: California Legislative Analyst Blasts Public Private Partnership

Doyle DriveThe California legislature's Legislative Analyst's Office (LAO) blasted a public-private partnership deal between the California Department of Transportation (Caltrans) and investors for the development of Doyle Drive. The plan was to give a private company, Golden Link, a 30-year lease on this vital southern route to the Golden Gate Bridge to perform needed renovation to the route. The state would pay the consortium $173 million for finishing the road, followed by $28.5 million in "availability payments" each year the road is open.

"Overall, our analysis finds that the Golden Link agreement does not meet all the goals Caltrans intended and is not likely to be a good fiscal deal for the state," Legislative Analyst Mac Taylor wrote. "In light of these findings, we think that the state should consider not signing the contract with Golden Link, and instead build the project with a more traditional approach."

The total cost of the project is estimated at $594 million on the partnership model, while traditional methods would cost around $490 million -- not counting a number of potential cost overruns on the riskier partnership model. In terms of bearing risks, the deal put state taxpayers on the hook if any discoveries of endangered species threatens roadside construction. It offered no guarantee that the companies undertaking the project would finish on time. Because the interest rates that will apply are not yet known, the analyst was unable to estimate the final cost with more certainty.

"Based upon our own analysis, we disagree with Caltrans' conclusion that the agreement results in a lower lifecycle cost," Taylor wrote. "As described in detail in another section below, we have concluded that a traditional design-bid-build procurement would be less expensive in this particular case than under the Golden Link agreement."

The analyst recommended dropping the public-private partnership contract. A copy of the letter is available as a 450k PDF at the source link below. Source
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply



Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
California Legislative Analyst Blasts Public Private Partnership NMA Reporter Economics & Politics 0 2011-01-08 00:39
California: Police Chief Blasts Red Light Camera Program NMA Reporter Economics & Politics 0 2010-11-11 17:09
Arizona Legislative Memo: Traffic Camera Companies Need PI Licenses NMA Reporter Economics & Politics 0 2009-11-29 14:22
Group Finds Toll Roads Not in Public Interest NMA Reporter Economics & Politics 0 2009-04-16 21:23
GAO Questions Wisdom of Public Private Partnerships NMA Reporter Economics & Politics 0 2008-07-29 00:19


All times are GMT -4. The time now is 10:06.


©2019 SpeedTrapHunter