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Type:
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Budget
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Status:
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Passed
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On agenda:
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5/16/2024
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Final action:
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5/23/2024
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Title:
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AMEND the Life-of-Project (LOP) budget for the Purple (D Line) Extension Project Section 1 (Project) by $225,000,000 from $3,128,879,593 to $3,353,879,593 using the fund sources as summarized in Attachment A and consistent with the provisions of the Board-adopted Measure R and Measure M Unified Cost Management Policy (Attachment B).
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Indexes:
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Beverly Hills, Budget, Budgeting, Capital Project, Capital Project Funds, Construction, Construction management, Contractors, Contracts, Crenshaw/LAX Transit Corridor Project, Design build, Division 20, Economic benefits, Funding plan, Los Angeles International Airport, Maintenance practices, Measure M, Measure R, Measure R and Measure M Unified Cost Management Policy, Metro Rail A Line, Metro Rail B Line, Metro Rail C Line, Metro Rail D Line, Metro Rail E Line, Metro Rail K Line, Metro Vision 2028 Plan, Operations and Maintenance, Plan, Policy, Policy analysis, Professional Services, Project, Project management, Regional Connector Transit Corridor Project, Safety, Southern California Association Of Governments, Travel time, Twenty-eight by '28 Initiative, Westside Cities subregion, Westside Subway Ext (Project), Westside Subway Extension/Purple Line Extension Phase 1, Westside/Central Service Sector, Wilshire/Western Station
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Meeting_Body CONSTRUCTION COMMITTEE MAY 16, 2024 Subject SUBJECT: PURPLE (D LINE) EXTENSION PROJECT SECTION 1 Action ACTION: APPROVE RECOMMENDATION Heading RECOMMENDATION Title AMEND the Life-of-Project (LOP) budget for the Purple (D Line) Extension Project Section 1 (Project) by $225,000,000 from $3,128,879,593 to $3,353,879,593 using the fund sources as summarized in Attachment A and consistent with the provisions of the Board-adopted Measure R and Measure M Unified Cost Management Policy (Attachment B). Issue ISSUE The Project has reached the ninth year of its anticipated 10-year duration, and as of April 2024 is 91% complete. Currently, the Project has less than 3% of its current LOP budget contingency remaining. It is expected that this contingency will be exhausted by June 2024. This Board Report requests an LOP budget increase to address several unresolved requests for changes (RFCs). This LOP budget increase encompasses the settlement of a comprehensive claim submitted by the design/build Contractor, Skanska Traylor Shea (STS), which resolves thirty-three unresolved RFCs as well as a request for an extension of Contract Time. It also provides additional funding that is needed for real estate and professional services that were impacted by schedule delays, while replenishing sufficient contingency needed for the remainder of the Project. Background BACKGROUND Section 1 of the nine-mile Purple (D Line) Extension Project represents the initial phase of three sections, all part of Metro's Measure R Program. This section, entirely underground, encompasses the construction of approximately 3.92 miles of double-track heavy rail subway and introduces three new stations: Wilshire/La Brea, Wilshire/Fairfax, and Wilshire/La Cienega. Additionally, it includes the procurement of 34 heavy rail vehicles and the construction of a Maintenance-of-Way and Non-Revenue Vehicle Building at the south end of the existing Division 20 Yard (Location 64). Wilshir... Click here for full text
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