Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: April 16, 2018

Project Name: LAX Automated People Mover (Los Angeles)
Year in Operation: 2023
Sector: Transportation
Subsector: Airport, Transit, Transportation Terminal
Status: Design / Construction
Type: New Facility
Description: The LAX Automated People Mover (APM) is an electric train system on a 2.25 miles elevated guideway inside and outside the iconic terminal loop at LAX International Airport. The project includes six stations - three inside and three outside this loop. The outside stations will connect the system to a future rental car facility and to regional transportation systems. The project also includes construction of a vehicle maintenance facility. Up to 9 trains with 6 cars each will simultaneously operate on the network.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: 29 year DBFOM concession, with first 4 years planned for design and construction.

Project Locations

Address: 201 World Way
City: Los Angeles
State: California
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Los Angeles County owns required land, and will require rights to access for land outside the existing airport facility.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): The delivery strategy for the project is described as a Design-Build-Finance-Operate-Maintain, but the "finance" is backed by 25 years of availability payments from the Airport Authority.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: The APM service is to be free to Airport users. The LAX Airport Authority will make availability payments to the concessionaire to pay for the team's cost of design, construction, operations, and maintenance over the 4 year design/construction period and 25 year operations period. Total costs are US 1.95 billion.

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Checkbox Checked

Direct Cash Support: Availability payments.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: The LAX Integrated Express Solutions (LINXS) joint venture is financing the project, through a combination of equity from joint venture members and an (as yet undisclosed amount of) debt.

Checkbox Checked

From Producers as Equity: The entire project is privately funded through equity (from the concession contractor) and debt. Availability payments from the Airport Authority over the 25 year operating period retire the debt and provide a return on equity.

Project Delivery & Finance Method

Project Delivery:
Design Build Operate Maintain (Partially Public Finance). Public Sponsor contracts for initial design, construction, and for long term operations and maintenance with a single entity. At the end of the term, Public Sponsor regains control of the facility.
Is there an independant checking engineer? No
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals
Design Build Operate and Maintain
X
X
Project Component
Yes
No
Is Negotiation of the Price Permitted After Selection of the Winner?
X
Is Negotiation of the Scope of Services Permitted After Selection of the Winner?
X
Are the fees (tolls) to be charged to users over the term an evaluation factor user in Selection of the Winner?
X

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
29
0
Forms
Description
To Be Determined
 

Project Value (If and As Known)

Date of Estimated Project Value: April 15, 2018
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Construction
$1-5 Billion US
$1-5 Billion US
Operations & Maintenance
$200-500 Million US
$200-500 Million US
Total
$500 Million - 2 Billion US
$500 Million - 2 Billion US

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