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The Alameda Corridor Transportation Authority (ACTA), the intergovernmental agency that oversees the dedicated railway that operates in the corridor from the ports of Los Angeles and Long Beach to downtown L.A., has named Kevin Scott chief financial officer.
Scott has had a 30-year career as a public finance investment banker, financial adviser and public policy consultant. He was selected for the position after a nationwide executive search by Stanton Chase in Los Angeles in partnership with the Center for Nonprofit Management, ACTA officials said in a press release.
"Kevin's exceptional experience working in the municipal bond sector, his background advising and working for government agencies — in California and especially Los Angeles — and his well-rounded finance skills make him an ideal choice as CFO," said ACTA Chief Executive Officer Michael Leue. "In particular, Kevin's conservative fiscal approach will foster strength for the agency and his collaborative nature will enable him to partner with me to navigate these uncertain times and plan the next steps and future path toward our mission."
Fifteen percent of the nation's container traffic travels through the corridor, which was created to address concerns about increasing levels of ground traffic in the area. Corridor project improvements represent $2 billion worth of investment in rail infrastructure.