For many of you closely tracking the Sepulveda Transit Corridor project and our efforts to build this rail line as quickly as possible, Metro is happy to report that it has received a very strong response from firms bidding to help Metro accelerate the project.
The proposals are part of Metro’s Pre-Development Agreement process for the project. The deadline for responding to the PDA Requests for Proposals, or RFPs, ended on August 26. While we cannot disclose any details about the number of proposers or their names due to rigorous procurement rules and guidelines, we can say that Metro is greatly encouraged by the level of interest we’ve received.
The proposals are further evidence that there remains robust market interest to help develop the project, which will build a high-speed, high-capacity transit line directly connecting the San Fernando Valley and the Westside in an initial project phase, with a connection ultimately to LAX.
Metro will now spend several months evaluating the proposals. After selecting one or two highest ranked proposal(s), project staff will return with a recommendation to the Metro Board of Directors in early 2021.
A PDA with one or two of these firms would enable early contractor involvement in the project, allowing for innovations in design, engineering, construction approach, financing and operations. A private project developer would participate in defining and designing the project concept together with Metro and community stakeholders.
Once project development is complete, the remaining private project developer will then have an opportunity to offer to build, operate and maintain the line, potentially accelerating construction, improving project performance and mitigating key project challenges.
See our earlier post for more information about the overall process and opportunities for public input. But for a quick snapshot, this graphic explains the project development process: