Metro has received an unsolicited proposal from AECOM and John Laing to bring advanced mobility technologies and next generation bus rapid transit to the Vermont Avenue Transit Corridor through a public-private partnership (P3).
Additionally, the proposal could result in early delivery of this critical Measure M project. This is the first proposal Metro has received for this Measure M project and the 11th proposing an alternative delivery method for a major capital project.
Metro’s Office of Extraordinary Innovation (OEI) is now in the process of assembling a phase 1 review team to evaluate the concept on its financial and technical merit.
The review team will reach a decision on whether to advance the proposal to ta more detailed financial and technical review, decline further review or proceed directly to a competitive solicitation.
The Vermont corridor extends approximately 12.5 miles from Hollywood Boulevard south to 120th Street. It is the second busiest bus corridor in Los Angeles County, behind Wilshire Boulevard, with more than 40,000 weekday boardings. In addition to being one of the busiest corridors in the region, there also are approximately 150,775 people who reside in the project’s study area, which includes one-half mile on either side of Vermont Avenue.
The Vermont Avenue Transit Corridor project would help to improve transit travel speeds, relieve crowding on current service and improve on-time performance, in addition to increasing connectivity to other Metro services, including the Red and Purple Line subway, Green Line and Expo Line.
The project is planned to receive $25 million from Measure M and $400 million from other sources. Under the Measure M spending plan, the project is scheduled to break ground in 2024 and be completed between 2028 and 2030.