The Port Authority of New York and New Jersey allocated USD 445 million for the early work on the redevelopment of JFK Airport. The project will be delivered as a public-private partnership with 90% of the project cost covered by the private partner. Total value of the project is USD 13 billion. The authority will fund the following early works: demolition of three existing buildings, relocation of American Airlines parking lot, new aircraft parking, upgrade of cargo facility, construction of cargo facility upgrades; construction management services; program management services; and master planning.

The full scope of JFK redevelopment project will include design-build of new parking garages, airport terminals, and substations, as well as the construction of elevated roadways, utility infrastructure improvements, airfield modifications including work within active taxiways, demolition of buildings, improvements to the AirTrain system, extensive maintenance of traffic and new terminal construction.

The Port Authority is also considering providing additional financing in the amount of USD 2.9 billion to support the new terminals at JFK.

JetBlue and four international airlines will build two new terminals at JFK. American Airlines is also expanding its existing terminal. Jet Blue has hired JFK Millennium Partners — American Triple I Partners, Vantage Airport Group and RXR Realty — to develop, design and build its new terminal. Construction is expected to begin next year and the completion is scheduled for 2025.

The Port Authority has issued an RFP for the technical consultant for construction management and related technical services for JFK airport redevelopment program. The deadline for the proposals was extended to November 6. More information on the RFP can be found on our business opportunity page here.