PFAL Role: Independent Financial Advisor
PFAL provided independent financial and commercial advisory services to the California High-Speed Rail Authority (“Authority”). Our responsibility was to confirm compliance of funding plans with state law to allow access to state bonds authorized by Proposition 1A and/or Cap and Trade auction proceeds. As part of this role we were actively engaged in due diligence, finance-ability issues, and statutory compliance of the system’s business plans. Phase 1 service will connect San Francisco Bay Area to the Los Angeles Basin in under three hours at speeds of over 200 miles per hour and it will be first high-speed rail system in the US.