AN ACS Group/Hochtief-led consortium has been selected as recommended developer for a $US 1.95bn public-private partnership (PPP) project to build an automated peoplemover at Los Angeles International Airport and operate it for 25 years.
The consortium comprises ACS Infrastructure Development and Hochtief PPP Solutions, each with an 18% stake, plus Dragados USA, Flatiron, Fluor, Balfour Beatty, and Bombardier which will supply 44 peoplemover cars.The automated peoplemover will comprise a 3.6km elevated line ranging from 15 to 20m above the ground. It will have six stations and will connect airport terminals with a new centralised car rental facility, new pickup and drop-off locations with airport parking, and the light rail station.
Commercial close is expected in April followed by financial close in June. Construction is scheduled to be completed in early 2023.
Post from www.railjournal.com
Commercial close is expected in April followed by financial close in June. Construction is scheduled to be completed in early 2023.
Post from www.railjournal.com
