MegaProject 406: Another delay for LaGuardia airport P3
- GS Engineering & Construction
- Lend Lease
- Macquarie Capital - Macquarie Group
- Macquarie Infrastructure and Real Assets (MIRA)
- Meridiam Infrastructure
- TAV Airports
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The Port Authority of New York and New Jersey has delayed the selection of a development team for La Guardia Airport Central Terminal Building Replacement PPP project until it awaits the outcome of a broader design competition for New York airports.
John Degnan, the authority's chairman, stated:
"We simply decided it would be prudent to see what the conceptual design is before proceeding with the process."
The request for qualification (RFQ) for the project was launched in November 2012. Later, in late July 2013, we reported that the authority announced the list of teams pre-qualified. The teams involved in the tender process are the following:
- LaGuardia Gateway Partners: Vantage Airport Group Ltd., Skanska Infrastructure Development and MI LaGuardia CTB, LLC (Meridiam)
- LGAlliance: Macquarie Infrastructure and Real Assets, Inc. (MIRA) and Lend Lease Investments, Inc.and
- LGA Central Terminal Consortium: ADP Management & TAV Havalimanlari Holding A.S, GS Global Infrastructure Partners II, L.P. and GS International Infrastructure Partners II, L.P.
The Aerostar New York Holdings consortium, composed by Highstar Capital IV LP and its related funds and Aeropuerto de Cancun S.A. de C.V., was also pre-qualified, but it was disqualified in March last year.
According to sources, the bidders have agreed to wait until the end of April for a decision.
The project involves the participation with the Authority in the replacement and financing of the existing Central Terminal Building (CTB) at LaGuardia Airport including Frontage Roads, aprons, utilities, a central heating and refrigeration plant (CHRP) and other support facilities.
The project also involves the operation and maintenance of the existing CTB during the construction period, the management of the transition of airline and non-airline tenants to occupancy of the replacement CTB, the operation and maintenance of the CHRP, and the operation and maintenance of the new CTB for a specified term.
The project will be developed on a build, finance, operation and maintenance (DBFOM) basis.
The total project investment is estimated at US3.6 billion, but construction and financing costs could rise as time drags on.
The new facilities are expected to be operational by 2021.
During this month we have reported about several transport PPP projects in the USA:
- Maryland Light Rail Purple Line P3
- Reconstruction of Interstate 70 East (I-70E) in Colorado
- Florida LYNX CNG fueling stations PPP project
- Illiana Expressway P3 - Indiana portion
- Brent Spence bridge in Ohio
- I-77 HOT lanes P3 project
- DIA Great Hall redevelopment PPP project
- US Route 35 PPP project in West Virginia