13-Jun-2018 11:54 PM
LAX’s people mover will cost USD5 billion - is that price justified?
Analysis
The team of people behind the LAX Integrated Express Solutions (LINXS) project that will build the 2.25 mile Los Angeles International Airport (LAX) Automated People Mover (APM) project reached financial close on 11-Jun-2018.
This is evidently a major project, one that is valued at approximately USD4.9 billion by Los Angeles World Airports, as much as an entirely new mid-sized airport.
That is a high price. Can the price tag be justified?
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