A consortium led by ACS Group and HOCHTIEF has been selected as the ‘recommended developer’ for a $1.95bn rail project at Los Angeles International Airport.
The scope of the public-private partnership (PPP) rail development includes the planning, financing, construction and 25-year operation of an automated people mover with six stops.
The rail network is planned to be located 15m to 20m above the ground and is intended to offer connectivity to new parking facilities, car hire points and metro light-rail stations within the airline terminals.
It will comprise an almost 3.6km-long track and allow nine trains to operate simultaneously in order to improve access to the airport’s terminals.
The initiative will also see the delivery of 44 Bombardier APM vehicles.
ACS Group and HOCHTIEF CEO Marcelino Fernández Verdes said: “This is one of the €200bn-worth of PPP infrastructure projects that our teams have identified for the 2018-2021 period in our key markets (US, Australia, Canada and Europe), and highlights our strong position to benefit from the growth of investment in road, rail and social infrastructure globally using the PPP model.”
The project’s commercial close and financial close are scheduled for April and June respectively.
Construction works are expected to be completed by early 2023.
The consortium comprises ACS Infrastructure Development (Iridium), Dragados USA, HOCHTIEF PPP Solutions, Flatiron, Fluor, Balfour Beatty and Bombardier.
ACS Infrastructure Development and HOCHTIEF PPP Solutions each hold an 18% stake in the consortium.