The Port Authority of New York and New Jersey has approved a total of $600M of funding for the construction of a new terminal to replace Terminals C and D for Delta Air Lines at LaGuardia Airport. The Port Authority plans to contribute $200M towards the Delta terminal for new concourses and ramp work and $185M for the construction of an electrical substation and the expansion of the East Garage, along with any necessary temporary parking solutions during construction. Furthermore, $215M will go towards roadways and other supporting infrastructure. Delta Air Lines will be responsible for performing and managing the construction work, with full responsibility for any cost over-runs. The development, which represents the second phase of the airport’s redevelopment and modernisation program, will help unify the airport through the interconnection of Terminal B with the new 37-gate Terminal C&D facility which will house Delta. The second phase of the project is expected to cost about $4bn. Work on the Delta phase of the project is expected to start in 2017 — subject to approval from the Federal Aviation Administration — and is scheduled to be complete in 2024. The main head house of the new terminal is anticipated to open in 2020.
LaGuardia Gateway Partners (LGP) consortium has started construction on a new 130,000sq m Terminal B building at LaGuardia Airport in New York, USA.The consortium includes Vantage Airport Group, Skanska and Meridiam, together with the Port Authority of New York and New Jersey.The $4.2bn project will involve the construction of a 35-gate terminal, along with a new west parking garage and other supporting facilities.Work will commence with a roadway network and a new 3,000-space parking garage that will minimise congestion at the airport. The project design reflects the recommendations from the Governor’s Airport Advisory Panel, which includes the new light-filled central hall where passengers arrive, set to connect Terminals B and C.LGP and the Port Authority of New York and New Jersey have recently secured financing for the project.The new airport, expected to achieve LEED Gold certification, is set to open in 2018, with all portions of the redesigned Terminal B scheduled to open by the end of 2021. The project is expected to create 8,000 direct jobs and 10,000 indirect jobs.
Skanska, as part of LaGuardia Gateway Partners consortium, has reached financial closure and signed a lease agreement with the Port Authority of New York and New Jersey (PANYNJ) for LaGuardia Project in New York.With a lease term through 2050, the public private partnership (PPP) includes finance, design, construction, operation and maintenance of the LaGuardia Airport Central Terminal B.The design-build contract is valued at about SEK33bn ($4bn). Swedish company Skanska has a 70% stake in the contract, worth nearly $2.8bn.The deal also involves the construction work for supporting infrastructure and a new central entrance hall.Terminal B, opened in 1964, serves over 14m passengers per year. The new LaGuardia Central Terminal B, which will be constructed next to the existing terminal, has been designed to attain LEED Silver certification.Skanska’s CEO and president Johan Karlström said: “This is Skanska’s largest project ever. We are proud to invest in and lead construction of this project that will improve the quality of air travel for millions of people.“The LaGuardia Airport Central Terminal B project is a perfect example of how we, through Public Private Partnership, can expedite delivery of critical infrastructure, bringing together Skanska’s construction and investment capabilities. We have a strong position in the growing US market for PPP projects.”LaGuardia Gateway Partners includes Skanska Infrastructure Development, Vantage Airport Group and Meridiam as project sponsors and co-investors, with Vantage Airport Group managing operations.New facilities will start opening in 2018, with scheduled substantial completion in 2022.