ACS Infrastructure wins Angels Flight P3 in LA

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
ACS Infrastructure wins Angels Flight P3 in LA

ACS Infrastructure has reached an agreement has been reached to restore, operate, and maintain Angels Flight, the iconic Downtown L.A. railway.

ACS, together with its contractor, Dragados USA, and its project partner Sener Engineering, will work with the Angels Flight Railway Foundation, the City of Los Angeles, and LA Metro, on this public-private partnership for 30 years.

The 116-year-old funicular takes passengers on a scenic ride between Hill and Olive Streets on Bunker Hill. Angels Flight — the world’s shortest railway — has given more than 100 million rides along its hillside track. It closed temporarily in 2013, but earlier this year, the California Public Utilities Commission certified a plan to upgrade Angels Flight to meet the highest safety standards.

Aside from a cameo in the Oscar-winning movie “La La Land, the iconic funicular will serve as an important transit connection between the Pershing Square Metro station and the top of Bunker Hill — an area that includes Walt Disney Concert Hall, the Broad Contemporary Art Museum, MOCA, the Los Angeles Music Center, among other cultural institutions. 

Mayor Garcetti said:

“Angels Flight is a cultural gem that tells an unforgettable story about the history of Los Angeles. Today, we celebrate the rebirth of this iconic attraction — and once the modernization is complete, we will welcome millions of visitors from around the world to experience it with us. ”  

Nuria Haltiwanger, CEO for ACS Infrastructure Development, Inc., said:

 This project is not just about connecting people from the top and bottom of Bunker Hill.  It is about connecting Angelenos to the history of their vibrant City.  We look forward to the reopening of Angels Flight and to working together with the Foundation and City in the preservation and continuation of the Angels Flight legacy."

Geoffrey Yarema, a Partner at Nossaman LLP, sad

“Sometimes big things come in small packages. For the shortest railroad in the world, this is the first P3 transaction for Los Angeles. We are proud to have helped the Foundation find a private partner to  restore the classic glamour of this international icon and transform it into an essential element of 21st Century downtown mobility.  We believe the foundational elements of this deal structure can serve as a model for other facilities in Southern California and indeed around the globe.”

List of country news

Country news

  • March 10, 2017

    RFQ launched for Washinghton, DC Uni P3

    The Howard University in Washington, DC has issued a request for qualification (RFQ) seeking a private sector developer for its East Campus redevelopment.

    Read more
  • March 09, 2017

    RFP for CDOT’s Central 70 project

    The Colorado Department of Transportation (CDOT) and the High Performance Transportation Enterprise (HPTE) have announced the release of the final Request for Proposals (RFP) for the Central 70 Project. CDOT is seeking a developer team to design and construct the project as well as to operate and maintain the corridor over an extended period through a public-private partnership

    Read more
  • March 06, 2017

    Macquarie Atlas Roads acquires stake in Dulles Greenway

    Macquarie Atlas Roads (MQA) has announced it has acquired the remaining 50% interest in the Dulles Greenway for US$445 million.

    Read more
  • March 06, 2017

    Westchester County hires advisor for airport project

    The Westchester County (US) has announced it has hired Frasca and Associates to help them find a private operator for Westchester County Airport.

    Read more
  • March 06, 2017

    Virginia accepts plan to extend 395 Express Lanes

    Virginia Department of Transportation (VDOT) has reached agreement with Transurban to extend the 395 Express Lanes project in Northern Virginia

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.