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LOS ANGELES, April 9, 2021 /PRNewswire/ Sepulveda Transit Corridor Partners Bechtel (STCP) has been awarded a Pre-Development Agreement (PDA) contract by the Los Angeles County Metropolitan Transportation Authority (Metro) to advance its rail transit solution to potentially ease congestion on the notorious I-405 (Sepulveda) corridor between the San Fernando Valley and West Los Angeles.
STCP s proposal, one of two PDA proposals approved by Metro, is notable for its direct connections to new and proposed Metro transit lines, direct connections to key destinations including UCLA, stations that are pleasant and convenient for riders, have high passenger capacity and high speeds that deliver a less than 20-minute trip time. The heavy rail concept within the proposal could potentially reduce air pollution and climate change-causing emissions, create thousands of good-paying construction jobs, and would create lasting economic and equity benefits by increasing the number of jo
L A Metro Board awards Sepulveda Transit Corridor Partners -- Bechtel innovative pre-development contract to create rail transit solution for one of the Nation s most congested freeway corridors
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L A Metro Board awards Sepulveda Transit Corridor Partners -- Bechtel innovative pre-development contract to create rail transit solution for one of the Nation s most congested freeway corridors
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
This month, the Metro board is scheduled to consider approving the first steps toward a public-private partnership that would build and operate the Sepulveda Transit Corridor Project. The new Metro line would link the San Fernando Valley to the Westside, and ultimately to LAX.
Sepulveda is a mega-project that is only partially funded. Typically, when this is the case for projects, Metro seeks funding from other levels of government – like, say, the pro-rail pro-transit Biden administration. For Sepulveda, Metro hopes that a Public-Private Partnership (P3) might bring private sector money (and financing) to the project.
The early phase of the P3 deal is called a Project Development Agreement – PDA. This week, the Metro board Executive Management Committee is expected to approve $63 million contract (staff report) for initial PDA designs to further refine the monorail proposal.