New York: Plan for $9.5 billion international terminal at JFK airport
Christian Fernsby ▼ | December 13, 2021
Governor Kathy Hochul to announced that the Port Authority of New York and New Jersey has reached a revised agreement with The New Terminal One (NTO) to build a new international terminal that will anchor the south side of John F. Kennedy International Airport.Article continues below
The $9.5 billion project will be built in phases and will create more than 10,000 jobs, becoming the fourth major terminal project announced by the Port Authority as part of a complete transformation of JFK into a world class airport worthy of New York and the region. When completed, The New Terminal One will be the largest international terminal at JFK and aspires to be among the top rated airport terminals in the world.
The Port Authority Board of Commissioners will vote on the proposed lease agreement at its meeting this Thursday. The full cost of the terminal will be privately financed by the NTO consortium which includes financial partners Carlyle, JLC Infrastructure, and Ullico. A joint venture of Munich Airport International and CAG Holdings is the operating and technical services partner to the consortium. ■ What to read next
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