ACS Group/HOCHTIEF chosen to develop $1.95b Los Angeles Airport Rail Project
A consortium led by ACS/HOCHTIEF has been chosen as the ‘Recommended Developer’ for a large-scale modernization PPP rail project at Los Angeles International airport. The consortium consists of ACS Infrastructure Development (Iridium), Dragados USA, HOCHTIEF PPP Solutions, Flatiron, Fluor, Balfour Beatty and Bombardier.
The Los Angeles Airport Rail Project
The public-private partnership (PPP) rail project includes planning, financing, construction, and 25-year operation of an automated people mover located 15 to 20 meters above the ground which will have six stops connecting new parking facilities, hire car points and metro light rail stations with the airline terminals.
A track of around 3.6 km in length, on which up to nine trains will be able to travel simultaneously, will in the future improve passengers’ access to the terminals of the second-largest airport in the USA. The project, with a construction price of USD 1.95 billon (EUR 1.57 billion), includes the delivery of the 44 Bombardier APM vehicles. ACS Infrastructure Development and HOCHTIEF PPP Solutions each has an 18 percent stake in the consortium (ACS Group 36%).
Commercial Close and Financial Close are targeted for April 2018 and June 2018, respectively. Construction is anticipated to be completed by early 2023.
The ACS Group is involved in several rail projects globally, including the new USD 1.2bn High Speed Rail link between Los Angeles and San Francisco (USA), the CAD 5.5bn Eglinton Crosstown LRT PPP and the CAD 2.0bn Confederation Line LRT PPP in Ontario and Ottawa (Canada) respectively. In Australia, CIMIC is developing the AUD 700m Canberra Light Rail PPP, a 7-year operations and maintenance contract worth AUD 1.9bn for the Melbourne suburban train network, and the AUD 3.7bn operations contract to deliver the North West Rail Link, amongst other projects.