John Laing Group plc ("John Laing" or the “Group"), the responsible investor and active manager of infrastructure projects internationally, is pleased to announce that it is a lead equity sponsor in one of two private-sector consortiums, each of which have been recommended to enter into a Private Development Agreement to develop a mass transit solution for the Sepulveda Transit Corridor in Los Angeles, California, USA (the “Project”).

If the development is successful, the Project may be delivered as an availability-based Public Private Partnership (“PPP”) with the Los Angeles County Metropolitan Transportation Authority (“LA Metro”). The consortium’s solution has an estimated capital cost of approximately US$6.1 billion.

John Laing is a member of the Los Angeles SkyRail Express (“LASRE”) consortium alongside partners Skanska, BYD Company Ltd., HDR Engineering, Inc., Alternate Concepts, Inc., M. Arthur Gensler Jr. & Associates, Inc, and Innova Transportation LLC. For over a decade, John Laing has been a leader in developing and financing transit PPP projects in North America, beginning with the Denver Eagle P3 and most recently the Hurontario Light Rail Transit.

The Project is a response to the significant congestion on the Sepulveda Transit Corridor, through which over 400,000 people travel per day. The LASRE Consortium’s proposed solution is a state-of-the-art, advanced, high speed, high-capacity monorail, SkyRail, that will connect the San Fernando Valley and the Westside, with potential extension to LAX.