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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

Crenshaw / LAX Transit Corridor

Crenshaw / LAX Transit Corridor
Project Type
Public Transit
Financing Type
TIFIA
Status
Credit Agreement Executed
Sponsor/Borrower
Los Angeles County Metropolitan Transportation Authority (LACMTA or Metro)
Project Description

Located in Southwest Los Angeles, the Crenshaw/Los Angeles International Airport (LAX) Transit Corridor Project consists of the construction of an 8.5-mile light rail transit (LRT) line (the “Crenshaw/LAX Line”), including a minimum of six transit stations (with off-street parking), the procurement of a minimum of 20 light rail vehicles, and the construction of a full service maintenance facility. Sponsored by Metro, the Project is being developed in partnership with the nonprofit, Crenshaw Project Corporation.

The Crenshaw/LAX Line will extend between the Exposition Line at the intersection of Exposition Boulevard and Crenshaw Boulevard and the Metro Green Line near the existing Aviation/LAX Station. It will connect downtown and the Westside region of the City of Los Angeles (via the Exposition Line) with the South Bay region of Los Angeles County. An interim intermodal transit connection to LAX will be constructed at the Aviation/Century Station. The project will serve the cities of Los Angeles, Inglewood, Hawthorne, and El Segundo and portions of unincorporated Los Angeles County. It will include three park-and-rides, roadway and landscaping improvements, and a maintenance and storage facility.

According to LACMTA, the project has generated approximately 20,400 direct, indirect, and induced jobs and approximately $2.8 billion in direct, indirect, and induced business revenues. Once completed, the project will provide critical linkages for the region’s residents and employees, and it will create a more efficient connection to LAX, saving approximately 21.6 minutes per trip and 9,800 travel hours saved per day. The Crenshaw/LAX Line will also create substantial environmental benefits. It will serve the South Coast Air Basin region, which has the worst air quality in the nation. By 2035, the Crenshaw/LAX Line is expected to draw a daily ridership of approximately 27,400 riders, diverting traffic from the roadways and eliminating the accompanying auto-emissions; the project is expected to reduce annual carbon dioxide emissions by approximately 66,500 metric tons by 2035. TIFIA financing allows for the realization of these benefits at an estimated financing cost savings of approximately $87 million.

Project Details
TIFIA Assistance
$546.00M
Primary Revenue Pledge
Sales Tax Revenues
Project Cost
$1749.00M
Fiscal Year Closed
FY2012
Duration/Status
The Federal Transit Administration (FTA) Record of Decision (ROD) was issued in December 2011.  Construction began in September 2013. Substantial completion occurred in 2022. The TIFIA Loan as repaid in full in 2020 prior to the commencement of Debt Service.
Funding Sources
Federal Funds
TIFIA Loan: $545.9M
Section 5309 and 5339 Funds: $8.3M
TIGER II Grant: $13.9M
Other Federal Funds: $89.6M
State Funds
Proposition 1B General Obligation Bonds: $201.2M         
Other State Funds: $36.7M
Local Funds
Measure R Sales Tax: $661.1M
Proposition C Sales Tax: $135M
Local Agency Funds: $52.4M
Proposition A Sales Tax Revenue Bonds: $4.8M
Project Delivery/Contract Method
Design-Build
Project Participants
Design-builder - to be awarded; Rolling stock - Kinkisharyo International
Project Advisers/Consultants
To the Project:

Hatch Mott MacDonald - Preliminary engineering; EIR/EIS preparation
Metro Builders & Engineers Group - Utility relocation
To USDOT TIFIA JPO:

TIFIA Legal Advisor - Hawkins, Delafield & Wood, LLP
TIFIA Financial Advisor - Infrastructure Management Group, Inc.
Project Lender
USDOT TIFIA
Credit Assistance Detail
Direct loan: $545.9 million.
Financial Status
The TIFIA credit agreement was executed in September 2012. Interest repayment is expected to start in 2020, and principal repayment is expected to start in 2021; final loan maturity is expected to occur in 2034. The TIFIA Loan was prepaid in full in August 2020.
Innovations
Approximately 80 percent of the Project budget is funded from voter-approved sales tax measures devoted to transportation, some of which pays back the TIFIA loan.
Application Details
Applicant
Los Angeles County Metropolitan Transportation Authority (LACMTA)
LOI Fiscal Year Received
FY2011
LOI Received Date
Estimated Project Cost
$1715.00M
TIFIA Request
$546.00M
Instrument Type
Direct Loan