New York Governor Kathy Hochul announced a $9.6bn revamp of John F. Kennedy International Airport on Monday as part of the transformation of one of New York’s busiest airports.
The terminal will be 2.1 million square feet on the current footprint of terminals 1, 2, and 3 and will have 23 new international gates, she said. Construction will begin next year, she said. The first phase will open in 2026, according to Rick Cotton, Executive Director of the Port Authority of New York & New Jersey. He said it will create 10,000 jobs.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Funding is coming through a public-private partnership with investors including Carlyle Group and JLC Infrastructure. The Port Authority board will vote on Thursday on a financial agreement with the project’s financial partners, Cotton said.
Source: Bloomberg BNN
Can’t stop reading? Read more
Mutares signs dual Magna carve-outs to build $320m automotive platform
Mutares signs dual Magna carve-outs to build $320m automotive platform Mutares has agreed to...
Blackstone alum Blitzer leads 154 Partners’ $400m push into sports investments
Blackstone alum Blitzer leads 154 Partners’ $400m push into sports investments 154 Partners has...
General Atlantic lands $3bn Team Services acquisition from Alpine Investors
General Atlantic lands $3bn Team Services acquisition from Alpine Investors General Atlantic has...