Governor Arnold Schwarzenegger today issued the following statement after the California Transportation Commission (CTC) approved Caltrans' and the San Francisco County Transportation Authority's request to enter into a public-private partnership for the Presidio Parkway project in San Francisco:
"I applaud today's action by the California Transportation Commission. We all know that consumers win whenever there's competition, and today's action demonstrates that government services can benefit from that basic principle as well. Public-private partnerships are an important tool that can help rebuild California's vital infrastructure while saving taxpayer dollars. As a gateway to the historic Golden Gate Bridge, the Presidio Parkway can be a shining example of how to improve the state's highways through competition and innovative public-private partnerships."
Today's vote marks the first time project sponsors have been authorized to allow competition in the provision of transportation infrastructure as approved under Senate Bill X2 4, legislation the Governor signed last year allowing Caltrans, local and regional transportation agencies to enter into an unlimited number of public-private partnership agreements until January 1, 2017.