Project Description

Client:

Plenary Infrastructure Airports (PIA)

Contract Value:

Circa $1 Billion USD

Contract:

Design Building Finance Maintain (DBFM)

Term:

29 years

Contractor/Design:

  Sundt Construction Inc. / Demattei Won Architecture

FM Contractor:

ENGIE Services Inc.

LAX’s new Consolidated Rent-A-Car Center (CONRAC), scheduled to be completed by 2022 and open for use by 2023, will provide 18,000 stalls servicing 23 rental car agencies. These project will also consist of, a multi-level ready/return facility, customer service building, idle storage facility, employee parking and a bus plaza capable of storing a minimum of 12 full size buses. The CONRAC will be located in the area known to many as Manchester Square, and will consolidate the rental car facilities, freeing land for potential future developments.

As one of the largest and busiest airports in the world, Los Angeles World Airports (“LAWA”) recognized the monumental impact a Public-Private-Partnership type deal could have on the improvement of their facilities.

WT Partnership provided Lenders’ Technical Advisory services on behalf of Plenary Infrastructure Airports (PIA), a shortlisted candidate for this project. Ultimately, PIA was unsuccessful in their bid.