Fengate consortium, LA Gateway Partners, shortlisted for LAX Consolidated Rental Car Center (ConRAC) project
Los Angeles World Airports (LAWA) has identified LA Gateway Partners (LAGP), a consortium comprising Fengate Real Asset Investments (Fengate), PCL Construction Services Ltd., MVI Holdings, PGAL, AC Martin and Johnson Controls as one of four shortlisted consortiums to design, build, finance, operate and maintain the Los Angeles International Airport (LAX) Consolidated Rental Car Center (ConRAC) project.
The LAX ConRAC will be the largest facility of its kind and is one element of the airport’s innovative and solutions-driven Land Access Modernization Program (LAMP). As currently envisioned, the ConRAC will include a customer service building; access to an Automated People Mover station; passenger pick-up and drop-off areas; and employee and visitor parking. This significant project, currently estimated at US$850 million to US$1 billion, is also anticipated to include new roadways that provide access to and from the project.
Currently, rental car facilities can be found in various areas surrounding LAX. The ConRAC will bring these facilities together in one location and ease traffic congestion. In collaboration with the rental car industry, LAWA has identified the following key benefits of the ConRAC for LAX: improved passenger experience, significantly improved traffic flow, operational efficiencies, and improved land use.
Read more about LA Gateway Partners here.