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Michael Schabas Michael Schabas EDUCATION Michael Schabas has 35 years experience in development and 1981 Masters City and Regional Planning operation of rail passenger and urban transport systems. He has a (Transportation) reputation for devising innovative but practical solutions and helping to Distinguished Achievement, implement them. He brings a detailed understanding of project finance CMHC Scholarship, Harvard Kennedy School and Private-Public-Partnerships (PPPs). He has worked in more than 20 countries, for train operators, developers, funders, manufacturers, and 1979 Bachelor of government agencies. He has played leading roles shaping light rail, rapid transit, and high Architecture, University of Toronto speed rail projects in Vancouver, Toronto, and London, and has been a Director of train operating companies in Britain, Norway, Germany, and Australia. KEY SKILLS Innovative transport strategy Since 2014, Michael has led a team providing strategic advice on the planning and delivery and planning, PPPs, major of the $22bn upgrading of Toronto’s commuter network into electrified Regional Express projects economics, operations management and Rail. Since 2018 he has also been advising on the strategic planning and delivery of 3 forecasting analysis subway Toronto projects with total cost of $28.5bn. EMPLOYMENT Since 2016, Michael has been advising a range of public and private sector clients, 2008-current Partner Director, First Class developing high speed and regional rail to serve the San Francisco Bay area. Partnerships Ltd, UK From 1995 to 2003, Michael was a founder Director of GB Railways, which operated 100 1996-2008 Director, GB mph electric and diesel intercity trains in eastern England. He also launched GB Railfreight Railways Group plc, GB Railfreight, Hull Trains and Hull Trains, Britain’s first “open access” train company. GB Railways raised more than £100m of private risk capital for rolling stock, and won numerous awards for passenger 1992-1996 Independent service excellence and innovation. In 1998 GB Railways acquired the Australian “Ghan” Consultant and “Indian Pacific” long distance trains. By 2003, the train companies in Britain and 1988-1992 Vice-President, Australia were all operating without subsidy. GB Railways was acquired by FirstGroup Plc Transport, Olympia & York in 2003. Canary Wharf Developments Ltd, UK Mr Schabas has been involved in several Light Rail projects. From 1988 to 1994 he played 1986-1988 Chief, Rapid a leading role in the upgrading of the automated London Docklands Light Rail system, Transit Planning, City and County of Honolulu, USA which serves the massive Canary Wharf development. Earlier in his career he played leading roles in shaping Vancouver Skytrain, the Jubilee Line Extension, West Coast Main 1983-1986 Manager Line modernisation and Britain’s first High Speed Railway (the Channel Tunnel Rail Link, International Projects, Urban Transportation Development now HS1). In 1986-1988 he was Chief Planner for the Honolulu Light Rail system. Corporation, Toronto He has published extensively on transit planning and finance. See www.schabas.net . He is 1981-1983 Design the author of The Railway Metropolis: How Planners Politicians and Developers Shaped Coordinator, Skytrain Project, Vancouver Modern London, published by the Institution of Civil Engineers Press in 2016. LANGUAGES SELECTED EXPERIENCE English with intermediate French and Mandarin, and Ontario Line 2019 – ongoing. For the Toronto regional transit agency Metrolinx, showed how plans for the 7km basic German $8bn Relief Line could be modified into the Ontario Line, a 15 km $11bn automated metro, that will attract almost twice as many riders. Developed the conceptual business case and delivery strategy. Caltrain 2018 – ongoing. Retained by the Stanford University and several technology companies working with the Joint Powers Board to develop a Business Plan for the Caltrain system, which links San Francisco and San Jose through Silicon Valley. California High Speed Rail 2016 – 2017. Retained by the California High Speed Rail Authority as part of a team led by PFAL to review all aspects of the project to confirm that train service will be able to operate without ongoing subsidies, as required by the Proposition 1A enabling legislations. Dumbarton Corridor, 2017: Retained by a private client in Silicon Valley to explore ways to introduce passenger rail services on this trans-bay bridge Page 1 of 2 Michael Schabas Toronto GO Regional Express Rail, 2014 – ongoing: Retained by Metrolinx, the Toronto regional transit authority, leading an FCP team advising on planning and implementation of the $22 billion GO Expansion programme. Transportation Research Board 2013: Prepared a report on new sources of revenue for transport investments. http://onlinepubs.trb.org/onlinepubs/ncrrp/ncrrp_rpt_001.pdf European Rail Freight, 2010: Financial and operational due diligence for investment of €200m in a central European rail freight company by a multi-lateral lender. US High Speed Rail, 2010: Advised US Japan High Speed Rail Corporation on development of a high-speed railway in Texas. Work included independent development and review of traffic, revenue and operating cost forecasts. Rio Sao-Paulo High Speed Railway, 2009–2010: Assisted the World Bank in review of plans and PPP structure for a $25bn high speed railway linking Rio and Sao-Paulo. China Urban Rail Finance, 2008: Advised the World Bank on alternative financing methods for new metro systems in China. Sydney-Canberra High Speed Rail, 1999: Led GB Railway team bidding with Siemens, Bilfinger Berger, and Babcock & Brown, for a concession to develop this $2 billion project. Melbourne Australia Trains (Metro) and Trams (Light Rail) 1999: Technical lead for the GB Railways bid (with Siemens, Deutsche Bank, and Bilfinger Berger) for five concessions. Channel Tunnel Rail Link (now High Speed 1), 1991–1996: Retained as Special Adviser to Union Railways, a subsidiary of British Railways established to promote the £5 bn project. Conceived and developed use of St Pancras as the London terminal, now built. Developed strategies for shared use of the new line by High Speed and regional trains. Docklands Light Railway, 1988–1997: For the Canary Wharf developers, led discussions to obtain value for their £67 million capital contribution. Persuaded the UK Government to transfer control from London Transport, to install CBTC moving block signalling, and award a £100m System Prime Contract that successfully re-engineered the railway for higher capacity and reliability. Jubilee Line Extension, 1988–1992: For the Canary Wharf developers, conceived and promoted the £3.5bn Jubilee Line Extension. Managed a team that prepared the initial Private Bill, worked with consultants appointed to complete the East London Rail Study, and developed the business case that persuaded Government to fund the scheme. Later advised the European Investment Bank on project funding. Honolulu Rapid Transit, 1986–1988: Responsible for planning of a 40km light rail rapid transit system. While a draft Environmental Statement was prepared, the project became mired in local politics. This was the second attempt to launch the project. After three further attempts, construction finally commenced in 2012. Vancouver Skytrain 1981-1983: Manager- Planning for the final design and delivery of the world’s first driverless metro. Mr Schabas has published more than 30 articles in professional journals, local and national press in the UK, USA and Canada, and been a guest speaker at conferences also in China, Turkey, Germany and Australia. He is the author of The Railway Metropolis: How Planners, Politicians and Developers Shaped Modern London, published 2016 by ICE Press. http://bit.ly/2kYegvkUSA A full list of advisory work, publications and public speaking is available at www.schabas.net Page 2 of 2 .
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