We also provided advisory services for the new Long Beach Civic Center opening this month. Our team helped guide the City of Long Beach through a procurement model uniquely suited for their needs, specifically their need to move quickly out of their existing seismically unsafe facilities. The DBFOM delivery model incentivized timely and on-budget completion, and the project was streamlined from a three-to-five-year development process to just over two years.
In addition, Arup is acting as lead financial advisor for the Los Angeles Street Civic Building. This P3 project is the first for the City of Los Angeles and the first step in a 15-year plan to develop a new civic center.
Arup’s dedicated advisory services team supports government entities, infrastructure investors, and lenders worldwide. We integrate financial, technical, and commercial expertise regarding the development, investment, and financing of capital assets. We also act as an impartial advisor to clients across a diverse range of sectors including energy, real estate, social infrastructure, transportation, and water. Our services span the entire project cycle from feasibility through to financing and performance enhancement, and cover five main areas: strategy and economics, infrastructure advisory, due diligence, program and project management, and asset management.
The P3 Award entries will be judged by a panel of 80 industry experts, and winners will be announced at their awards gala in New York on 3 October.