The Port Authority of New York and New Jersey (Port Authority) has reached a revised agreement with The New Terminal One (NTO), a consortium of financial sponsors, to build a 2.4 million square foot state-of-the-art new international terminal that will anchor the south side of John F. Kennedy International Airport (JFK). The $9.5 billion project will be built in phases and is expected to create more than 10,000 jobs, becoming the fourth major terminal project announced by the Port Authority as part of a complete transformation of JFK into a world-class airport. When completed, The New Terminal One will be the largest international terminal at JFK.
2.4 million Square Foot International Terminal Will be Built in Phases on Sites of Current T1, T2, and Former T3
- Private Partners Will Provide Financing to Cover Full Cost of Terminal;
Port Authority to Build Supporting Road and Utility Infrastructure
- Groundbreaking Anticipated in 2022; First New Gates Will Go Live in 2026
- Project Will Create More Than 10,000 Total Jobs and 6,000 Construction Jobs
- Advances Plan for a Unified, Modern Airport with World-Class Passenger Amenities, State-of-the-Art Security and Streamlined Roadway Access
- Includes 30 Percent MWBE Goal for Contracts and Financing Interests;
Extensive Opportunities for Local Business and Jobseekers Guided by Community Advisory Council
“This investment in John F. Kennedy International Airport will have a transformative impact on Queens and the entire region, improving a vital piece of our transportation infrastructure, creating jobs and catalyzing economic activity that supports our local businesses. Queens is proud to be the aviation borough, and our business community will continue to rely on our airports to support our economic recovery. On behalf of the 1,400 member businesses of the Queens Chamber of Commerce, I applaud Governor Hochul and the Port Authority on this exciting announcement. The Queens Chamber will continue to lead the effort to assist and place MWBE businesses into this project.” Said Thomas J. Grech, President & CEO, Queens Chamber of Commerce.