Los Angeles Business Journal’s Post

The Los Angeles City Council on June 5 approved the addition of $200 million in contingency funds to the budget of the people mover project at Los Angeles International Airport to handle additional claims from the five-company prime contractor consortium building the line, bringing the total project cost to nearly $2.95 billion. The contingency funds were approved even as negotiations continue between Los Angeles World Airports, the city agency that runs LAX, and the contractor consortium, known as LAX Integrated Express Solutions, to resolve a series of disputes. Those disputes have helped push back the completion date by more than a year, to late next year. Read more here: https://lnkd.in/gUBN2zMs

L.A. City Council Approves $200M Contingency Addition for LAX People Mover Project to Handle Contractor Claims

L.A. City Council Approves $200M Contingency Addition for LAX People Mover Project to Handle Contractor Claims

https://labusinessjournal.com

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