The California High-Speed Rail Authority has made another major move to fast-track the project and connect the Bay Area with the Los Angeles basin by bullet train.
On Wednesday, the Authority announced it had signed a six-month planning partnership, officially called a “co-development agreement,” with Momentum Alliance Partners, an international consortium that includes major transit, engineering, and finance firms from Canada, France, and the United States.
The goal is to map out a public-private partnership—a setup where private companies chip in upfront cash and technical expertise to help build public infrastructure in exchange for a slice of future revenue…