TORONTO — Canada’s Fengate Asset Management recently announced it has been recognized with two United States public-private partnership (P3) industry award honours.
First, Mac Bell, director and head of P3 Investments, was recognized for leadership in helping deliver two projects, the $1.8-billion Edmonton Valley Line LRT and the US$2-billion Los Angeles International Airport (LAX) Consolidated Rent‐A‐Car (ConRAC) facility.
The honour came from the 2019 National Coalition for Public-Private Partnerships (NCPPP) Excellence in Private Sector Leadership Awards, recognizing excellence in North American P3 leadership and innovation, said a statement.
In addition, the LAX ConRAC facility has been named a finalist for the NCPPP Outstanding Emerging Project Award, which recognizes a future P3 project that exhibits “extraordinary innovation and creativity in the form of concept, approach and use of technology,” the release noted.
Fengate is part of LA Gateway Partners, LLC (LAGP), the consortium selected by Los Angeles World Airports to design, build, finance, operate and maintain the LAX ConRAC project.
The LAX ConRAC is expected to be the 10th largest building in the U.S., featuring 6,600 ready/return parking stalls, 10,000 idle vehicle storage spaces and 1,100 rental car employee parking spaces. It will be the largest ConRAC facility ever built and will consolidate the operations of more than 20 rental car locations.