Driving Consolidation at LAX
We are advising the City of Los Angeles, Los Angeles World Airports (LAWA) on its Consolidated Rent-A-Car Facility (ConRAC) at the Los Angeles International Airport (LAX).
The ConRAC facility will relocate more than 20 existing rental car locations away from the Central Terminal Area at LAX and consolidate them in one convenient location adjacent to the 405 freeway. Ultimately, the ConRAC will be connected to the Automated People Mover (APM) train system at LAX that will provide travelers with quick access to the terminals.
The $1 billion project (design and construction) is being procured through an availability payment P3 delivery model. The selected developer will design and build the ConRAC and operate and maintain it for 28 years. The project reached commercial close on November 8, 2018 and financial close on December 6, 2018.
- The approximately 5.3 million square foot facility will be the nation’s largest consolidated rental car center.
HONORS & AWARDS
- "Innovation of the Year" | American Road and Transportation Builders Association, 2019
- "Innovative Transportation Solution" | WTS-Los Angeles, 2019
- Outstanding Emerging Project | National Council for Public-Private Partnerships 2019