Los Angeles had bid for the 2024 Summer Olympics in 2016 and was one of two city finalists. Due to decreasing demand to host the Olympics, the IOC awarded the 2024 Summer Olympics to the city of Paris, and Los Angeles was awarded the 2028 Summer Olympics. The APM is due to be completed in 2023, in good time for the 2028 Summer Olympics. Its original projected completion date was by 2024 before the Olympic award, and it was decided to retain the original deadline. LAWA has split the project in three phases. The project has been approved and the construction and operating bidding process was commenced. Three firms submitted bids and LAWA announced scoring for the project would be based on "technical merit, visual appeal, user experience and price". LAWA proposed a public private partnership in which a private sector partner would be responsible for the construction and operation of the people mover. Los Angeles City Council gave final approval on April 11, 2018 to "LAX Integrated Express Solutions". The joint bid that included manufacturer Bombardier Transportation at $4.895 billion over 30 years to build and operate. The three phase project is estimated to cost $5.5 billion.