Tuesday December 19, 2017
Additionally, the proposal could result in early delivery of this critical Measure M project. This is the first proposal Metro has received for this Measure M project and the 11th proposing an alternative delivery method for a major capital project.
“Partnerships give us new opportunities and resources to bring ideas to life,” said L.A. Mayor and Metro Board Chair Eric Garcetti. “Measure M is helping us attract the kind of creative thinking and transformative technology that will accelerate our transportation future.”
Metro’s Office of Extraordinary Innovation (OEI) is now in the process of assembling a phase 1 review team to evaluate the concept on its financial and technical merit.
“We are encouraged by this proposal for a much needed project that will have a major impact on an important north/south corridor,” said Metro CEO Phillip A. Washington. “It’s another sign that the private sector is getting on board to help us advance our transportation revolution in Los Angeles County.”
The review team will be charged with reaching a decision on whether to advance the proposal to the next phase for a more detailed financial and technical review, decline further review or proceed directly to a competitive solicitation.
“P3s are a critical mechanism for bringing innovation to project delivery,” said Metro Chief Innovation Officer Joshua Schank. “The technology solutions envisioned in this proposal show that such innovation has a place in every corner of our system, from subways to light rail to bus.”
The Vermont corridor extends approximately 12.5 miles from Hollywood Boulevard south to 120th Street. It is the second busiest corridor in Los Angeles County, behind Wilshire Boulevard, with more than 45,000 weekday boardings. In addition to being one of the busiest corridors in the region, there also are approximately 150,775 people who reside in the study area, one half mile on either side.
The Vermont Avenue Transit Corridor project would help to improve transit travel speeds, relieve crowding on current service and improve on-time performance, in addition to increasing connectivity to other Metro services, such as the Red and Purple Line subway and Green Line and Expo Line light rail services.
The project is planned to receive $25 million from Measure M and $400 million from other sources. Under the Measure M spending plan, the project is scheduled to break ground in 2024 and is projected for completion between 2028 and 2030.
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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