InfraRed Capital Partners, Macquarie Capital and Meridiam Infrastructure belong to consortia bidding for the $730 million ‘Accelerated Regional Transportation Improvements Project’ (ARTI) in Los Angeles.
The State of California Department of Transportation (Caltrans) and Los Angeles Metropolitan Transportation Authority (LAMTA or L.A. Metro) shortlisted four consortia, ‘Accelerate LA,’ ‘Accelerate Los Angeles,’ ‘LA Accelerated Mobility Partners,’ and ‘LA Mobility Partners,’ to receive a Request for Proposals (RFP).
Initially, the members of the consortia had not been named. But L.A. Metro has now detailed the lineup of each team on its website:
-Accelerate LA, teams HOCHTIEF, Skanska, and InfraRed Capital Partners;
-Accelerate Los Angeles features Michael Baker Jr. and Macquarie;
-LA Accelerated Mobility Partners has AECOM Technology Corporation, the Walsh Group and Meridiam Infrastructure, and;
-LA Mobility Partners is comprised of Balfour Beatty and Fluor Enterprises.
ARTI is a six-part toll road public-private partnership (PPP; P3) involving Interstate 5 (I-5) and California State Route 71 (SR 71) in L.A. The availability-pay design, build, finance, operate and maintain (DBFOM) concession has a 35-year lease.
Fifteen-mile SR 71 is an expressway in L.A. while I-5 is a north-south interstate highway running parallel to the Pacific Ocean. LAMTA began considering using a P3 for the project in 2012.