PANYNJ Board approves proposed lease for $7.4bn New Terminal One at JFK


The Board of Commissioners of the Port Authority of New York and New Jersey (PANYNJ) has approved a proposed lease agreement for a $7.4bn The New Terminal One at the John F. Kennedy International Airport (JFK) in New York, US.

With the approval in place, PANYNJ will sign the lease agreement with a consortium of airlines, and development and financial partners, for the design, construction, financing, operation and maintenance of the new terminal as part of the JFK Redevelopment project.

The consortium of airlines includes Lufthansa, Air France, Japan Airlines and Korean Air Lines while the development and financial partners include Carlyle Group, JLC Infrastructure and the Union Labor Life Insurance Company (Ullico).

Planned to be developed in stages, the 2.8 million ft² new terminal will replace JFK's Terminal 1 and 2 sites, as well as the aircraft parking area previously occupied by Terminal 3 and demolished in 2014.

Construction on the 23-gate facility is scheduled to commence in early 2020 with completion planned at the end of 2025.

Early contracts have already been signed with local firms including A.B. Engineering PC and ZI Engineering PC for structural engineering services, RCGA Architects for design services, and JT Hicks Associates for surveying services.

Additionally, McKissack & McKissack has been selected to provide project management oversight services.  

The New Terminal One executive chair Dr Gerrard Bushell said: "The Port Authority's board authorization enables the delivery of a world-class terminal to progress Governor Cuomo's Vision for JFK and drive New York State's nation-leading MWBE participation for the Project beyond $1 billion.

"The authorization also supports progression of a multi-year commitment to community development in Southeast Queens, and an increase in the number of local jobs, educational programs and small business capacity building."

The New Terminal One will feature zero-emissions ground service equipment, customer EV-charging stations, rainwater and de-icing fluid recapture/recycle, and renewable energy supply standards, among others.

It will also comprise over 200,000ft² of retail, dining and other concessions, 116,000ft² of airline lounges, and 55,000ft² of interior green space, play areas and cultural exhibits.

Image: The John F. Kennedy International Airport in Queens, New York, US. Photo: courtesy of Brandon Van Acker/Wikipedia.

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