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Construction on Los Angeles International Airport’s Consolidated Rent-A-Car facility (ConRAC) continues with the completion of structural concrete and ongoing work preparing the customer service buildings.
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The credit rating agency says the outlook for consolidated rental car facilities (CONRACs) is not as severe as initially projected, with monthly shifts in rental car transaction days performing slightly better than enplanements.
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The $6,064,840, project was funded by car rental customer facility charges.
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Conrac Solutions’ partnership with iCON Infrastructure effectively merges Conrac Solutions’ transportation infrastructure delivery expertise with iCON Infrastructure’s international investment management network.
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The APM will feature six stations, one of which will connect to new off-site parking facilities, regional light rail transportation and a CONRAC.
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LAX CONRAC partners completed several milestones this spring.
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The initial pour represents a fraction of the 265,000 cubic yards of concrete that will be poured for the approximately 6.4 million-square-foot facility, which will become the largest rental car facility in the world when completed.
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The new layout will include a driveway leading to the building, which officials say will make the pick-up and drop-off process easier.
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These interactive models include views of and from within the system’s three central terminal area stations and two intermodal transportation facility stations.
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The $500 million Conrac project has been selected as the P3 Deal of the Year for the Americas by Project Finance International.
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