Monday November 07, 2016
The latest proposal comes from Sepulveda Transit Partners, a team led by Cintra Global Holdings Ltd. and includes Ferrovial Agroman US Corp. as lead design-builder.
Last month, Metro officials announced it had received two unsolicited proposals for the Sepulveda Pass project – one from Sepulveda Corridor Development Partners, a consortium led by HDR and including Plenary Group, Star America, Canadian Imperial Bank, Mott McDonald, PointC and Millbank Tweedl, and another from Parsons.
While the contents of the proposals are confidential at this time, the approaches utilize public-private partnership (P3) concepts to deliver projects sooner than anticipated, while potentially providing an opportunity for Metro to accelerate other projects of regional significance simultaneously. The proposals will now move through phase one of Metro’s unsolicited proposal review process to determine if the proposals have technical and financial merit.
“These proposals can be game changers, not only for the projects central to the proposals, but for other Measure M projects,” said Metro CEO Phillip A. Washington. “Accelerating projects can save millions of dollars in the long run, which could help us accelerate other Measure M projects."
Metro has been paving the way to consider different ways of delivering projects – the impetus behind the agency’s first major industry forum, Transformation Through Transportation, in February 2016. That’s when Metro officials invited the private sector to bring the agency their ideas for helping Metro deliver projects sooner than they are scheduled.
Metro is also in receipt of six other unsolicited proposals:
- Parker Infrastructure Partners proposal that provides a unique approach to fund and accelerate selected Measure M mega projects in different stages of progress.
- ACS proposal to accelerate the West Santa Ana Branch Light Rail Project.
- Skanska proposal to accelerate the West Santa Ana Branch Rail Project.
- Skanska proposal to accelerate Phase 3 of the Purple Line Extension to UCLA and the Veterans Administration campus.
- Kiewit-AECOM proposal for the West Santa Ana Rail Project.
- Goldman Sachs proposal to provide a regional network approach to develop Metro’s High Occupancy Toll (HOT) lanes.
“We hoped that our call for innovation would peak the interest of the private sector, and we’re happy to say that the private sector has responded in a big way so far,” said Joshua Schank, Metro’s Chief Innovation Officer who leads the agency’s Office of Extraordinary Innovation. “These potential partnerships could be instrumental in us continuing to transform transportation across L.A. County in ways we haven’t thought about.”
In Measure M, Metro sees other projects that are potential P3 candidates including the Crenshaw Northern Extension to West Hollywood, the High Desert Multi-Purpose Corridor in the North County, the I-5 Widening Project and the 710 South Corridor.
All of these proposals are dependent on Metro having an additional funding stream to leverage private dollars, either through Measure M or some future funding that is identified.
Metro is implementing a “shovel ready” plan to bring key transportation projects to a shovel ready state in the event that previously unforeseen funding becomes available. Also, Metro recently named Ernst & Young Infrastructure Advisors, LLC, a recognized authority in the U.S. public-private partnership infrastructure market, to help the agency select the best delivery methods for advancing its major transportation projects in L.A. County.
To learn more about Metro’s Measure M ballot measure, you can visit http://theplan.metro.net.
The Los Angeles County Metropolitan Transportation Authority (Metro) is unique among the nation’s transportation agencies. Created in 1993, Metro is a multimodal transportation agency that transports about 1.3 million passengers daily on a fleet of 2,200 clean air buses and six rail lines. The agency also oversees bus, rail, highway and other mobility-related building projects and leads transportation planning and programming for Los Angeles County.
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