HOCHTIEF Building · Project Example
|City||Los Angeles, CA|
|Client||Los Angeles International Airport (LAX)|
|Contract type||public-private partnership (PPP)|
|Capital expenditure||USD 4.9 Billion (EUR 4bn)|
|Life span||30 years|
|Contract||design, construction and long-term operation and maintenance of the new APM system at LAX|
In June 2018, the ACS/HOCHTIEF consortium LAX Integrated Express Solutions (LINXS) achieved Financial Close for its important PPP rail project at Los Angeles International airport (LAX).
The concession represents the first Automated People Mover (APM) project procured through a public-private partnership (PPP) in the United States. It has a total 30-year term and includes the design, construction and long-term operation and maintenance of the new APM system at LAX.
The project includes a total of 6 stations along a 3.6 km, elevated dual guideway to connect passengers to and from the central terminal area of LAX with intermodal transportation facilities as well as a new USD 1+ Billion Consolidated Rent-A-Car facility, which is being separately procured. The consortium will be responsible for the delivery of the 44 Bombardier APM vehicles, as well as the construction of a 7,000 sq meter maintenance and storage facility. Early design and construction works have already begun, and construction is anticipated to be completed by early 2023.
ACS Group participates in the project through its subsidiaries ACS Infrastructure Development and HOCHTIEF PPP Solutions, which each have an 18% share in the concessionaire (ACS Group 36%) and 12.5% share in the operations and maintenance joint venture (ACS Group 25%), as well as through Dragados USA and Flatiron Construction, which each have a 20% share in the construction joint venture (ACS Group 40%). The other members of the consortium include Fluor, Balfour Beatty and Bombardier.
Flatiron Construction Corp.
Headquarters 385 Interlocken Crescent
CO 80021 Broomfield • USA
Tel: +1 303 485-4050
Fax.: +1 303 485-3922
HOCHTIEF PPP Solutions North America Inc.
375 Hudson Street 6th Floor
NY 10014 New York • USA
Tel: +1 212 2296479
Fax.: +1 212 2296416