A consortium led by Spain’s ACS and its subsidiaries Hochtief and Dragados, has been selected as the recommended developer for a $2bn modernisation of rail lines at Los Angeles International airport (LAX).
The consortium also includes American engineer Fluor, UK contractor Balfour Beatty, Canada’s Bombardier and Hochtief subsidiary Flatiron.
The public-private partnership rail project includes planning, financing, construction and the 25-year operation of an automated transit system located 15-20m above the ground, containing six stops connecting parking facilities, hire car points and metro light rail stations with LAX terminals.
The 3.6km track will allow nine trains to travel simultaneously.
The project cost includes delivery of 44 Bombardier APM vehicles, an automated transit car.
ACS Infrastructure Development and Hochtief PPP Solutions each have an 18% stake in the consortium.
Commercial close and financial close are targeted for April 2018 and June 2018 respectively. Construction is due to be completed by early 2023.
Earlier this month two Hochtief subsidiaries were chosen to manage a $700m extension of Denver airport.
Image: Los Angeles International airport (Wikimedia Commons)