FirmoGraphs keeps its clients up to date on Capital Improvement Programs (CIPs) of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital improvement program from Sacramento County, California. Here are the insights we observed.
In the CIP covering the 2024-2028 fiscal years, Sacramento County detailed plans to spend $3.4 billion on capital projects, an increase of 112% from $1.6 billion in its 2023-2027 CIP. The current CIP has 796 line items, compared to 751 line items in the prior CIP. The table below breaks down County's planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Significant Increase in International Airport and County Buildings & Capital Construction
Planned spending in the International Airport category increased by 512% or $1.2 billion. The increase goes to ongoing projects, including Consolidated Rental Car Facility, Terminal B Parking Garage, and Concourse Expansion. There is also an added project under the County Buildings & Capital Construction, the Main Jail - Intake and Health Services Facility, worth $477 million, resulting in a 377% increase.
Over $400 Million Investment in Jail Facility
Sacramento County has six notable line items valued at over $100 million. The largest is the Main Jail - Intake and Health Services Facility, worth $447 million, under the County Buildings and Capital Construction category. Listed below are the other notable line items:
- Consolidated Rental Car Facility - worth $391 million, under the International Airport category.
- Terminal B Parking Garage - worth $380 million, under the International Airport category. The project involves the construction of an approximately 3,000-vehicle parking garage.
- Concourse Expansion - worth $300 million, under the International Airport category. This project will expand Terminal A and Concourse B to add additional gates supporting infrastructure to increase capacity. Elements include new gates, loading bridges, hold areas, baggage handling systems, and supporting infrastructure.
- Pedestrian Walkway From Terminal to Concourse B - worth $139 million, under the International Airport category.
- Hazel Avenue at U.S. Highway 50 Interchange - worth $101 million, under the Transportation category. This project involves the construction of safety and access improvements at the U.S. Highway 50 / Hazel Avenue interchange and the Hazel Avenue/Folsom Boulevard intersection.
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including transportation improvement programs, regulatory developments, and other critical information. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in improvement programs and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.
Comments