The New Terminal One, a consortium of labor, operating and financial partners, have broken ground for first construction phase of a new world-class terminal at John F Kennedy International Airport.The New Terminal One begins construction of the USD 9.5 billion, 2.4 million square foot terminal, which is expected to generate over 10,000 total jobs, including more than 6,000 family-sustaining construction positions. The start of construction follows a revised agreement late last year between the Port Authority and NTO. With Ferrovial becoming a lead sponsor of the project in June, alongside Carlyle, JLC Infrastructure, and Ullico, NTO’s financial close became the largest private investment ever committed to a U.S. airport terminal. The innovative partnership and intentionality have made today’s announcement a possibility. Once fully built, the New Terminal One will serve as a global gateway to the New York metropolitan area and aim to set a new standard for world-class design and services. The reimagining of the international passenger experience at JFK generates opportunities for local, minority and women-owned business enterprises, as well as for service-disabled veteran-owned businesses. The state-of-the-art NTO will be the largest international terminal at JFK and is grounded in a commitment to engaging the local southeast Queens community, generating opportunities, and reaching its 30% minority or women-owned business enterprises participation goal with intentionality.
The New Terminal One, a consortium of labor, operating and financial partners, have broken ground for first construction phase of a new world-class terminal at John F Kennedy International Airport.The New Terminal One begins construction of the USD 9.5 billion, 2.4 million square foot terminal, which is expected to generate over 10,000 total jobs, including more than 6,000 family-sustaining construction positions. The start of construction follows a revised agreement late last year between the Port Authority and NTO. With Ferrovial becoming a lead sponsor of the project in June, alongside Carlyle, JLC Infrastructure, and Ullico, NTO’s financial close became the largest private investment ever committed to a U.S. airport terminal. The innovative partnership and intentionality have made today’s announcement a possibility. Once fully built, the New Terminal One will serve as a global gateway to the New York metropolitan area and aim to set a new standard for world-class design and services. The reimagining of the international passenger experience at JFK generates opportunities for local, minority and women-owned business enterprises, as well as for service-disabled veteran-owned businesses. The state-of-the-art NTO will be the largest international terminal at JFK and is grounded in a commitment to engaging the local southeast Queens community, generating opportunities, and reaching its 30% minority or women-owned business enterprises participation goal with intentionality.
