Supported over $14B in federal and state funding for California High Speed Rail
The Challenge
California's 500-mile Phase 1 high-speed intercity passenger rail corridor is one of the most complex infrastructure megaprojects in U.S. history. Advancing it requires world-class commercial and financial advice across a staged implementation lifecycle — with multiple funding sources demanding frequent grant applications, state budget negotiations, and rigorous compliance reporting.
Our Approach
IMPACTS serves as a subconsultant to KPMG, the primary financial and commercial advisor since 2011 on the California High Speed Rail Authority program. Since 2021, IMPACTS has led grant development and compliance support while assisting with financing strategies and procurement efforts. The IMPACTS team also prepared and supported multiple funding plans to obtain $9 billion in state bond funds from Proposition 1A — the Safe, Reliable High-Speed Passenger Train Bond Act.
