Port Authority finalizes JFK terminal lease

The Port Authority of New York & New Jersey (PANYNJ) has signed the lease agreement for New Terminal One at John F Kennedy International Airport in New York.

The winning consortium comprises:

  • The Carlyle Group and CAG Holdings
  • JLC Infrastructure
  • Union Labor Life Insurance Company (Ullico)
  • Airline partners Lufthansa, Air France, Japan Airlines and Korean Air Lines

Under the agreement, the consortium will oversee the design, construction, financing, operation and maintenance of the new terminal, which will be located at the airport’s south side.

The modern 23-gate facility will reimagine the international passenger experience at JFK and span the sites of the current Terminal One, Terminal 2 and the former Terminal 3.

Contracts with local MWBE firms have been established including A.B. Engineering PC and ZI Engineering PC for structural engineering services, JT Hicks Associates for surveying services, and Jamaica, NY-based architectural firm, RCGA Architects, for design services. In addition, McKissack & McKissack, the nation's oldest African-American design and construction firm, is providing project management oversight services. 

Construction is slated to begin in early 2020 and conclude at the end of 2025, with phased openings to ensure uninterrupted gate capacity and a seamless transition.