Congratulations to Los Angeles World Airports on P3 Bulletin Award for APM Financing
We congratulate Los Angeles World Airports (LAWA) and the City of Los Angeles for the Automated People Mover (APM) project winning P3 Bulletin’s “Silver” award in the Best Financial Structure—Transport category for 2019. The project was recognized at P3 Bulletin’s annual Awards Gala, which was held at Liberty Warehouse in New York City on October 3, 2019.
The $4.9 billion APM project reached commercial close in April of 2018 upon Los Angeles City Council’s unanimous approval of a $4.9 billion agreement with a developer comprised of ACS Infrastructure Development, Balfour Beatty, Bombardier Transportation, Fluor and HOCHTIEF PPP Solutions, and reached financial close in June of 2018. The APM system will include six stations and up to nine electric powered trains, each with four cars, in simultaneous operation. The APM trains will travel on an elevated 2.25-mile long guideway, easing access into and out of the second largest airport in the United States (LAX) and connecting travelers to LA Metro’s Crenshaw Light Rail Line, intermodal transportation facilities and a consolidated rental car center.
For the full list of 2019 P3 Bulletin award winners, click here.