Los Angeles, California (Sept. 13, 2018) – Los Angeles World Airports (LAWA) has selected LA Gateway Partners as the recommended developer to design, build, finance, operate, and maintain the Los Angeles International Airport Consolidated Rent-A-Car Facility (ConRAC) development project.
The LAGP team includes:
- Developer: Fengate Capital Management Ltd.; PCL Investments USA, LLC; and MVI Finance, LLC
- Design-Build Contractor: PCL Construction Services, Inc.
- Designer: PGAL, Inc. and AC Martin Partners
- O&M Provider: Johnson Controls, Inc.
The project is expected to reach financial close in December 2018. The contract cost will be announced publicly following financial close.
The project involves the development of a new facility that will consolidate the operations of rental car agencies at LAX, which are currently spread across 23 separate properties surrounding the airport. Expected to comprise almost 6 million square feet, the LAX ConRAC will be the largest ConRAC facility ever built and will be connected to LAX’s Central Terminal Area via an Automated People Mover (APM) train system. The project’s scope also includes a package of improvements to the roadways surrounding the project site.
The LAX ConRAC is being procured as a key component of LAWA’s US$12 billion Landside Access Modernization Program (LAMP); a comprehensive roster of capital improvement projects focused on a greatly enhanced LAX passenger experience, reduced traffic congestion, reduced carbon emissions and environmental impacts, increased operational efficiencies and improved land use.
“We’re excited to continue our relationship with LAWA and to be a part of the movement to reshape the airport’s passenger experience,” states Cathy Orquiola, PCL District Manager.
Read more about LA Gateway Partners here. Read LAWA’s official announcement here.
About PCL Construction
PCL is a group of independent construction companies that carries out work across the United States, Canada, the Caribbean and Australia. These diverse operations in the civil infrastructure, heavy industrial and buildings markets are supported by a strategic presence in 31 major centers. Together, these companies have an annual construction volume of more than $6 billion USD, making PCL one of the largest contracting organizations in North America. Watch us build at PCL.com.