Agreement to be signed for airport redevelopment in USA

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Agreement to be signed for airport redevelopment in USA

The board of Port Authority of New York and New Jersey has authorized to enter into a lease agreement with the New Terminal One Team to design, construct, finance, operate and maintain The New Terminal One at  John F. Kennedy International Airport (JFK) in Queens borough of New York. The project is expected to cost around US$ 7.4 billion.

The New Terminal One is led by an innovative coalition of airlines, labor, minority- and women-owned businesses (MWBE), and strong operating and financial partners including The Carlyle Group, CAG Holdings (Carlyle Group's dedicated US-based investment platform for airport infrastructure investment opportunities globally), JLC Infrastructure, Ullico and Reach Airports (a joint venture between Munich Airport International and CAG Holdings).

The state-of-the-art 23-gate facility will reimagine the international passenger experience at JFK and span the sites of the current Terminal One, Terminal 2 and the former Terminal 3. Construction is slated to begin in early 2020 and conclude at the end of 2025, with phased openings to ensure uninterrupted gate capacity and a seamless transition. The Terminal One Group Association (TOGA), comprised of Air France, Japan Airlines, Korean Air and Lufthansa, will continue to operate and maintain the existing Terminal One until completion of the first phase of The New Terminal One.

The New Terminal One Team is committed to local inclusion and labor participation with an industry-leading focus on diversity and capacity-building opportunities, including a 30% MWBE participation goal. Early progress towards this commitment has been demonstrated by key contracts with local MWBE firms including A.B. Engineering PC and ZI Engineering PC for structural engineering services, JT Hicks Associates for surveying services, and Jamaica, NY-based architectural firm, RCGA Architects, for design services. In addition, McKissack & McKissack, the nation's oldest African-American design and construction firm, is providing project management oversight services.

In addition to its MWBE commitments, The New Terminal One Team continues to engage with the local community. The New Terminal One Team, alongside the Port Authority and other JFK terminals, recently launched four community development initiatives including a job recruiting program, second chance employment, an aviation-focused education program for 300 students in Queens and a commitment by The New Terminal One to reserve 50% of its food & beverage venues for New York and Queens local businesses.

Managing Partner of JLC Infrastructure Jim Reynolds said: "We are pleased with the progress that we have made over the past year. The New Terminal One Team is shifting the paradigm for public-private partnerships by engaging the local community to deliver a world-class facility. It will serve as a model for large infrastructure projects across the country."

List of country news

Country news

  • November 22, 2019

    Final section of Express Corridor P3 opens in USA

    I-77 Mobility Partners (a consortium of Cintra, Aberdeen, GCM Grosvenor, and John Laing) announced the opening of the final southern section of I-77 Express toll lanes from I-485 to I-277 in uptown Charlotte, North Carolina. Drivers will now be able to use all 26-miles of I-77 Express toll Lanes.

     

    Read more
  • November 07, 2019

    RFP for multi-billion transit megaproject in the USA

    The Los Angeles County Metropolitan Transportation Authority (LACMTA) issued a Request for Proposals (RFP) seeking early assistance from the private sector to jointly develop plans for the massive Sepulveda Transit Corridor Project.

     

     

    Read more
  • October 30, 2019

    USD445m funding for USD13bn airport redevelopment in USA

    The Port Authority of New York and New Jersey allocated USD 445 million for the early work on the redevelopment of JFK Airport. The JFK Airport redevelopment project will be delivered as a public-private partnership with 90% of the project cost covered by the private partner. The total value of the project is USD 13 billion. The authority will fund the following early works: demolition of three existing buildings, relocation of American Airlines parking lot, new aircraft parking, upgrade of cargo facility, construction of cargo facility upgrades; construction management services; program management services; and master planning.

     

    Read more
  • October 28, 2019

    RFQ to be issued this week for USD1.3bn road project in USA

    The Georgia Department of Transportation (Georgia DOT) is set to launch a Request for Qualifications for the planned I-85 Widening Phase 2 Project in Jackson County, Georgia on November 11.

    Read more
  • October 14, 2019

    $510m loan for major flood protection project in USA

    The Environmental Protection Agency (EPA) in the USA has selected the Fargo-Moorhead region’s flood protection PPP project to apply for the US$510 million in low-cost financing under the Water Infrastructure Finance and Innovation Act (WIFIA) loan program. The loan program allows the project to access this flexible funding source, which will significantly reduce the long-term expenses of the project. 

     

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.