New York’s JFK International Airport to undergo major redevelopment

The Governor of New York, Andrew Cuomo, has announced yet another major city infrastructure overhaul, this time with a US$10 billion redevelopment and expansion of the city’s John F. Kennedy International Airport. The intention is to overhaul and expand on the existing number of terminals in an attempt to make them all interconnecting, which has a budget of US$8 billion. A further US$2 billion has been allocated for infrastructure improvements to easy traffic flow problems to the airport. It is anticipated that private terminal operators will fund the terminal portion of the project, working in conjunction with the Port Authority of New York and New Jersey, according to Cuomo, and Dan Tishman of Tishman Construction, who told attendees at a meeting of the Association for a Better New York. According to Tishman, who is Cuomo’s head of the airport task force, private equity could be made available, as is the case with the La Guardia Airport renovation which is currently in progress. A $4 billion public-private partnership with the Port Authority was entered into with the Skanska USA-led LaGuardia Gateway Partners consortium. This is the latest step in Cuomos’ New York infrastructure upgrade plans. In January 2016 he introduced a $100 billion infrastructure plan, initially focusing on a $3 billion Penn Station renovation, a $22 billion overhaul of upstate roads and bridges, a third track for the Long Island Rail Road and a $1 billion facelift and expansion at the Javits Center, New York City’s primary convention and meeting venue.