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File #: 2015-0214   
Type: Budget Status: Withdrawn
File created: 4/16/2015 In control: Construction Committee
On agenda: 9/17/2015 Final action: 5/21/2015
Title: APPROVING an interim increase to the Life-of-Project (LOP) budget by $64 million, increasing the LOP budget from $1,141.4 million to $1,205.4 million, subject to availability of $64 million of federal Regional Surface Transportation Program funds.
Sponsors: Construction Committee
Indexes: Bids, Budget, Construction, Contract administration, Contractors, Contracts, Design build, High occupancy vehicle lanes, I-405, I405 Car Pool Lane (Project), Procurement, Professional Services, Project, Project delivery, Project management, Regional Surface Transportation Program, Regional transportation, Safety, San Fernando, Short Range Transportation Plan, The American Recovery and Reinvestment Act of 2009, Tolls
Meeting_Body

CONSTRUCTION COMMITTEE
SEPTEMBER 17, 2015


Subject/Action
SUBJECT: I-405 SEPULVEDA PASS IMPROVEMENTS PROJECT
ACTION: AUTHORIZATION FOR INTERIM LIFE-OF-PROJECT (LOP) BUDGET INCREASE

Heading
RECOMMENDATION

Title
APPROVING an interim increase to the Life-of-Project (LOP) budget by $64 million, increasing the LOP budget from $1,141.4 million to $1,205.4 million, subject to availability of $64 million of federal Regional Surface Transportation Program funds.

Issue
ISSUE
On April 23, 2009, the Board established an original LOP budget of $1,034 million for the I-405 Project. The 2006 California State Senate Bill 1026 authorized Metro to conduct a demonstration program to enter into a design-build contract for the construction of the northbound high-occupancy vehicle (HOV) lane and related improvements on Interstate 405 freeway through the Sepulveda Pass that would complete the final link in one hundred miles of HOV lanes stretching from Orange County to North Los Angeles County. The strategy to proceed with a design-build contract arrangement was undertaken as a means to facilitate acceleration of the project, reducing the duration of impact to adjacent communities and returning the corridor to full utility a number of years earlier, including significant improved safety with interchange improvements, wider shoulders, ramps and bridges.

The I-405 corridor is noted as the second most congested in the nation and considered one of both regional and national significance. The design-build strategy also ensured a construction schedule that could incorporate $130 million of federal funding available under the American Recovery and Reinvestment Act (ARRA). In addition to being a major interstate highway link, the Sepulveda Pass has served as a critical utility corridor between the San Fernando Valley and the Westside of Los Angeles for more than 60 years. Had the work proceeded under the standard California Department of Transpor...

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