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Project Profiles

Crenshaw/LAX Transit Corridor Project

Location

Los Angeles, California

Project Sponsor / Borrower

Los Angeles County Metropolitan Transportation Authority (LACMTA or Metro)

Program Areas

Project FinanceTIFIANon-Road Pricing Revenue

Fiscal Year Approved

Fiscal Year 2012

Mode

Light Rail Transit

Description

Located in Southwest Los Angeles, the Crenshaw/Los Angeles International Airport (LAX) Transit Corridor Project (the "Project") consists of the construction of an 8.5-mile light rail transit (LRT) line (the "Crenshaw/LAX Line"), including a minimum of six transit stations (with off-street parking), the procurement of a minimum of 20 light rail vehicles, and the construction of a full service maintenance facility. Sponsored by Metro, the Project is being developed in partnership with the Crenshaw Project Corporation (the "Project Corporation"), a State of California nonprofit mutual benefit corporation.

The Crenshaw/LAX Line will extend between the Exposition Line (currently under commissioning) at the intersection of Exposition Boulevard and Crenshaw Boulevard and the Metro Green Line near the existing Aviation/LAX Station. It will connect downtown and the Westside region of the City of Los Angeles (via the Exposition Line) with the South Bay region of Los Angeles County. An interim intermodal transit connection to LAX will be constructed at the Aviation/Century Station. The Project will serve the cities of Los Angeles, Inglewood, Hawthorne, and El Segundo and portions of unincorporated Los Angeles County. It will include three park-and-rides, roadway and landscaping improvements, and a maintenance and storage facility. It will also involve utility relocations.

Cost

Total Cost: $1,749 million (YOE)

Funding Sources

Federal Funds:

  • TIFIA loan - $545.9 million
  • Section 5309 and 5339 funds - $8.3 million
  • TIGER II grant - $13.9
  • Other federal funds - $89.6 million

State Funds:

  • Proposition 1B general obligation bonds - $201.2 million
  • Other state funds - $36.7 million

Local Funds:

  • Measure R sales tax - $661.1 million
  • Proposition C sales tax - $135.0 million
  • Local agency funds - $52.4 million
  • Proposition A sales tax revenue bonds - $4.8 million

Project Delivery / Contract Method

Design-build

Private Partner

Design-builder - to be awarded

Rolling stock - Kinkisharyo International

Project Advisors / Consultants

To the Project:

  • Hatch Mott MacDonald - Preliminary engineering; EIR/EIS preparation
  • Metro Builders & Engineers Group - Utility relocation

To USDOT TIFIA JPO:

  • TIFIA Legal Advisor - Hawkins, Delafield & Wood, LLP
  • TIFIA Financial Advisor - Infrastructure Management Group, Inc.

Lenders

USDOT TIFIA

Duration / Status

FTA Record of Decision in December 2011

Construction began in July 2012

Revenue service estimated to begin late 2018

TIFIA Credit Assistance

Direct Loan: $545.9 million

Financial Status / Financial Performance

The TIFIA credit agreement was executed on September 28, 2012

Innovations

Approximately 80 percent of the Project budget is funded from voter-approved sales tax measures devoted to transportation, some of which pays back the TIFIA loan.

Related Links / Articles

Metro Project Website

Crenshaw/LAX Transit Corridor Map

Contacts

Arthur T. Leahy, Chief Executive Officer
Crenshaw Project Corporation