Four teams of companies have been cleared to bid on the $1 billion consolidated car rental facility to be built near Los Angeles International Airport, officials with the airport authority announced Friday.
The consolidated car rental facility, billed as the world’s largest, is planned for a 136-acre site next to the 405 Freeway about two miles east of the airport; it will connect to the central terminal area through a $3 billion automated people mover system. Twenty-three car rental companies that now have operations around the airport are expected to relocate to this consolidated facility when it opens around the year 2023.
The car rental facility will be built using a public-private partnership, where the construction/engineering team provides much of the up-front financing and then shares in the revenue stream over the first 25 years of the facility’s operation.
As part of a draft request for proposals released Friday by Los Angeles World Airports – the independent city agency that runs LAX – the four teams announced as prequalified to submit formal bids for the project are:
• ConRAC Partners: including general contractor Skanska, infrastructure finance company Meridiam and McCarthy Building Cos.;
• LA Gateway Partners: including general contractor PCL Construction Services, finance company Fengate Capital Management Ltd., and Los Angeles-based architects AC Martin Partners Inc.;
• LAX Consolidated Solutions: including the general contractor and infrastructure finance units of Century City’s Aecom, construction manager Hunt Construction Group and the U.S. subsidiary of Madrid-based Dragados; and
• Plenary Infrastructure Airports: including general contractor Sundt Construction, infrastructure finance companies Plenary Group USA and JLC Infrastructure Fund and builder Austin Commercial.
The announcement came in conjunction with the release of the draft request for proposals on Friday. The formal request for bid proposals is due to go out in April, with the winning bidder announced later next year.
Economy, education, energy and transportation reporter Howard Fine can be reached at hfine@labusinessjournal.com. Follow him on Twitter @howardafine.
