LAX’s Automated People Mover train is getting an injection of cash, bringing its budget to a whopping $2.9 billion.
The Board of Airport Commissioners unanimously approved an additional $200 million on Thursday.
What will the money be used for?
The funds are expected to settle a variety of disputed claims brought by the project’s contractor, LAX Integrated Express Solutions (LINXS). The money comes from the LAX Revenue Fund, which is where all the airport’s fees, charges and other sources of revenue go.
The claims include disagreements over the project’s timeline, technology access and compensation, as LAist reported . The situation prompted a major bond rating agency to describe LAWA and LINXS’s relationship as “strained.”
It’s not clear yet which claims the funds could resolve, but the May board report stated it would be used toward a potential settlement.
“Recent discussions have turned toward negotiating a potential global settlement for all outstanding relief event claims and an appropriate extension of time to complete the project,” according to the report .