The teams shortlisted for Ontario’s Finch West LRT and those shortlisted for the Automated People Mover (APM) P3 at Los Angeles International Airport are set to return bids, Inframation can confirm.
The projects are valued at approximately CAD 1bn (USD 840m) and USD 2bn, respectively. Multiple sources described the US and Canadian P3 industries as being “in full-bid mode” as the year-end approaches.
The financial and technical proposals for Finch are due on 13 December. A preferred proponent announcement is not expected until February or March 2018.
Financial proposals for the APM are due on 20 December. Financial close is anticipated in June 2018.
Grupo ACS is the only sponsor participating in both procurements.
The Finch West project was restarted in June, after having been stalled since February because of a vehicle dispute between Metrolinx and Bombardier. The teams shortlisted for it are:
– SNC-Lavalin, Graham Capital
– Bechtel, EllisDon Capital
– AECON Concessions, Grupo ACS, Dufferin
Proposals had initially been due by February 2017.
Automated People Mover
Grantor Los Angeles World Airports (LAWA) in April saw a Plenary and AECOM team withdraw from the procurement. Another comprising Bechtel, Ferrovial, and John Laing exited the process in January.
The three teams currently in the running are:
– LINXS: HOCHTIEF, Grupo ACS, Fluor Corporation, Balfour Beatty
– LAX Connecting Alliance: Aberdeen Asset Management, Acciona, Axium Infrastructure, OHL Concesiones, Charles Pankow Builders, Star America Infrastructure
A source familiar with the deal said that the federal government’s proposed elimination of Private Activity Bonds (PABs) is creating a high degree of bond pricing uncertainty in advance of the planned June close.