| Name |
Alameda Corridor |
| Location |
Los
Angeles County, California |
| Mode |
Rail (Freight) |
| Description |
20 mile rail cargo route connecting
Ports of Los Angeles and Long Beach and rail yards near
downtown L.A. Eliminates 200 surface street railroad crossings.
Smoothes cargo flow to and from ports and eases congestion
Project involves:
north-end: grade
separations and bridge
replacements
mid-corridor: 10-mile trench, 50 ft. wide,
33 ft. deep accommodating grade separated rail line
($712 million)
south end: grade
separations and bridge
replacements
|
| Sponsor |
Alameda Corridor Transportation Authority
- a joint powers agency of the Cities and Ports of Los
Angeles and Long Beach |
| Cost |
$2.5 billion |
| Type
of Finance |
$1.2 billion in revenue backed bonds$400
million USDOT loan$394 million in grants from Ports of
Long Beach and Los Angeles$347 million from Los Angeles
County MTA$160 million in interest / other resources |
| Revenue
Sources |
Corridor Use
Fees
Container Charges |
| Project
Delivery / Contract Method |
Design-Build
for mid-corridor, Design-Bid-Build
for north and south ends |
| Private
Investor Partner |
Port of Los
Angeles
Port of Long Beach |
| Project
Advisors |
Nossaman,
Guthner, Knox &
Elliott, LLP
Aramax (formerly O'Melveny &
Myers)
O'Brien Partners, Inc. |
| Lenders |
USDOT
Bondholders |
| Physical
Status |
Project
opened April 15, 2002 |
| Financial
Status |
Closed |
| Innovations |
One of the
largest design-build projects
in the United States.
Direct benefits programs
for community residents:
- job training for 1,000
local residents
- aggressive business outreach
to ensure open bidding
- Conservation Corps youth
education and corridor
beatification program
|
| Related
Links / Articles |
Moody's
Credit Rating*
FITCH
Project Finance Credit
Analysis**
FITCH
New Issue Credit Report**
Alameda
Corridor Transportation
Authority (ACTA) Homepage
Port
of Long Beach
Port
of Los Angeles
|
| Contacts |
John Doherty
ACTA CEO
(310) 233-7480
Maria Melendres
ACTA Public Affairs
(310) 233-7480, Ext. 307
|
| Last
Review/Update |
Maria Melendres, December 2003 |
|
THE AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS,
AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS,
PBCONSULT, AND MOODY'S HEREBY EXPRESSLY DISCLAIM ALL EXPRESS, IMPLIED
AND STATUTORY WARRANTIES OF ANY KIND AND MAKES NO REPRESENTATION
OR WARRANTY, EXPRESS OR IMPLIED, TO ISSUER, ANY USER OR ANY OTHER
PERSON OR ENTITY, AS TO THE ACCURACY. TIMELINESS, COMPLETENESS,
TRUTHFULNESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE
OF ANY DATA PROVIDED BY MOODY'S TO ISSUER PURSUANT HERETO.
** Each Report is derived from sources believed to be accurate
and reliable. EACH REPORT IS PROVIDED "AS IS" WITHOUT
WARRANTY OF ANY KIND AND FITCH, INC., AASHTO, and PBCONSULT MAKE
NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY,
TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR
PURPOSE OF ANY REPORT. Under no circumstances shall Fitch, AASHTO,
or PBConsult have any liability to any person or entity for (a)
any loss or damage in while or in part caused by, resulting from,
or relating to, any error or other circumstance or contingency within
or outside the control of Fitch or any of its directors, officers,
employees or agents in connection with the procurement, collection,
compilation, analysis, interpretational editing, transcription,
transmission, communication, publication or delivery of any Report,
or (b) any direct, indirect, special consequential, compensatory,
or incidental damages whatsoever (including without limitation,
lost profits).
|
