Fengate’s consortium LAX Consolidated Rent-a-car (LAX ConRAC) named the ARTBA Innovation P3 Project of the Year
The LAX Consolidated Rent-a-Car (ConRAC) Project has been named a winner for the ARTBA (American Road & Transportation Builders Association) Innovation P3 Project of the Year Award. This award spotlights an idea within a P3 project that demonstrates how the development and/or application of new, innovative, and unique concept will help provide value for the users of P3s. This $2 billion project will be built using a public-private partnership (P3) contracting model. LA Gateway Partners (LAGP) will be designing and constructing the facility and will also be responsible for operating and maintaining it for a 28-year period. The LAGP team includes:
- Developer: Fengate Capital Management Ltd.; PCL Investments USA, LLC; and MVI Finance, LLC
- Design-Build Contractor: PCL Construction Services Inc.
- Designer: PGAL, Inc. and AC Martin Partners
- O&M Provider: Johnson Controls, Inc.
The ConRAC will consolidate 23 various rental car locations in and around the airport into one convenient facility located adjacent to the 405 freeway. Expected to comprise almost six million square feet, the LAX ConRAC will be the largest ConRAC facility ever built and will be connected to LAX’s Central Terminal Area via an Automated People Mover (APM) train system.
Once completed and operational, rental car shuttles will no longer access the LAX terminal loop as all customers will ride the APM train to get to their rental car company. With the removal of rental car shuttles, LAX will see a significant reduction in vehicle traffic and passengers waiting to board curbside at the airport, as well as improved land use and reduced carbon emissions.
The ARTBA 2019 Public-Private Partnerships (P3) Awards has recognized two individuals and two transportation projects with P3 Awards. The awards were presented at the 31st Annual Public Private Partnerships in Transportation Conference in Washington, D.C.
