The SJTA and the rental car companies desire to have a Quick Turnaround Facility financed, designed and constructed within the 84 acres that the authority owns. The winning bidder will also maintain and operate the facility after construction.
A ground lease management agreement is planned for a minimum of 15 years, with the potential to extend the term for two additional five-year terms. SJTA is an agency of the State of New Jersey and is the owner and operator of the airport.
Proposals are due by January 26, 2017 with questions by January 12. A pre-proposal meeting will take place at the airport in Egg Harbor Township on January 5. A winner is expected in March.
Aecom prepared the study for the project.
The authority has over $1.5m in the Rental Car Customer Facility Charges Fund and a portion of this can be used to finance this project, as well as a portion of future collections.
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Meanwhile, the board of the Port Authority of New York and New Jersey has approved its 2017 Budget, but has postponed a vote on a 10-year capital plan until January.
Executive director Pat Foye told local press that he expects President-elect Donald Trump’s administration will have a greater emphasis on P3, and also expects support for potential P3s such as the Gateway Tunnel.