The Port Authority of New York and New Jersey has allocated $445 million for the early work on the redevelopment of JFK Airport.
The project will be delivered as a public-private partnership, with 90 percent of the project cost covered by the private partner. Total value of the project is $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 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