- March 2011: Vol. 4, Number 3

To read this full article you need to be subscribed to Institutional Investing in Infrastructure

Presidio Parkway Will Proceed


The Presidio Parkway Project in San Francisco, the first project in California to reach the award stage under the state’s new P3 legislation, will proceed after an Alameda County Superior Court judge struck down a lawsuit led by the Professional Engineers in California Government (PECG), the union that represents Caltrans engineers.

PECG had argued that the project did not meet the criteria set forth in the 2009 P3 legislation, asserting that tolls were the exclusive financing mechanism under the legislation and that the availability payments set out in the deal could not be used.

The same judge, Wynne Carvill, dissolved a temporary restraining order and denied a preliminary injunction at the end of 2010 sought by the California Department of Transportation (Caltrans) and the San Francisco County Transportation Authority (SFCTA) to halt the project. Caltrans and SFCTA had signed a contract a

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy