RFQ launched for Los Angeles ARTI P3 project
The California Department of Transportation , in cooperation with the Los Angeles County Metropolitan Transportation Authority have launched a Request for Qualifications to teams interested in submitting Statements of Qualifications to design, build,finance, operate, and maintain the Accelerated Regional Transportation Improvements Project through a Public-Private Partnership Agreement with the Department.
LA Metro logoThe deadline for submissions of the SOQs is 07/19/2013 and the forecasted award date is 10/31/2014.
The Department intends to enter into a P3 Agreement with a selected Proposer, that will be responsible for delivering the Project via a design, build, finance, operate and maintain delivery method, which will include long term private financing to fund construction costs.
The term will begin upon execution of the P3 Agreement and is expected to end 35 years after scheduled completion, or any earlier substantial completion, of all Project elements
An availability payment mechanism will be used by the Department during the operation and maintenance term to compensate the Developer for making and keeping the Project available for use according to the specified standards, terms and conditions.
The project:The Project consists of the following six elements, all of which are located in Los AngelesCounty.- Element 1: I-5 North Capacity Enhancement
- Element 2: I-5 North Pavement Rehabilitation
- Element 3: SR 71 Gap (I-10 to Mission Boulevard)
- Element 4: SR 71 Gap (Mission Boulevard to Rio Rancho Road)
- Element 5: Soundwall Packages 10 and 10A
- Element 6: Soundwall Package 11
