P3 Delivers APM at LAWA

Andrée Blais authored the article P3 Delivers APM at LAWA for Project Finance International’s 2018 Global Infrastructure Report.  Andrée, a key member of the Nossaman team that represented Los Angeles World Airports (LAWA) and the City of Los Angeles on the project, played a lead role in development of the project agreement and in advising LAWA with respect to commercial and financial close.

The APM is a $4.9 billion P3 project that reached commercial close on April 11, 2018 and financial close on June 8, 2018.  The APM system will include six stations and up to 9 electric powered trains, each with four cars, in simultaneous operation.  The APM trains will travel on an elevated 2.25-mile long guideway, easing access into and out of the second largest airport in the U.S. (LAX) and connecting travelers to LA Metro’s Crenshaw Light Rail Line, intermodal transportation facilities and a consolidated rental car center. 

To read the full article, click here.