Updated with additional cost estimates from the PANYNJ
The Port Authority of New York and New Jersey (PANYNJ) plans to invest $5.6 billion in new terminals at New York LaGuardia and Newark Liberty International airports over the next decade.
Under the proposed 10-year capital plan released today, the operator plans to award the contract for a new central terminal building at LaGuardia in the “next few months” and will begin work replacing terminal A at Newark during the second half of the plan, says PANYNJ executive director Patrick Foye.
“Some of our airport terminals rank as some of the worst in the country in terms of design and overall passenger experience largely because many of those terminals were built decades ago,” he says during a committee meeting today.
Foye’s comments come nearly a month after New York State governor Andrew Cuomo said that the state would assume “management responsibility” for the LaGuardia project from the Port Authority.
The $3.6 billion central terminal project at LaGuardia is structured as a long-term design-build-finance-operate-maintain concession with the private sector. The PANYNJ expects a private concessionaire to contribute about $1.4 billion in equity and debt funding to the project.
The grantor shortlisted four consortiums, including ones led by ASUR, Macquarie, Vantage Airport Group and ADP, for the project in July 2013.
The new 120,774m² (1.3 million ft²) terminal is designed with 35 contact gates. It will be built in phases with construction beginning later in 2014, the first 10 gates opening in 2016 and the new head house in 2018. The terminal will be complete in the third quarter of 2021.
The existing central terminal building opened in 1964.
The PANYNJ is planning a new 33-gate, 92,903m2 replacement of terminal A at Newark airport, according to the design firm PGAL. The facility will be expandable to 45 contact gates.
The project is expected to cost $2 billion with the PANYNJ providing about $1.2 billion in funds.
Construction is scheduled to begin in 2018 with the first 60% of the terminal opening in 2020, according to the authority. The rest of the facility will open in 2022.
The existing terminal A opened in 1973.
A 3.2km extension of the PATH train to the existing Newark airport rail station from its current terminus at Newark Penn station is also included in the 10-year capital plan. The project is budgeted at $1.5 billion.
If the PANYNJ approves the 10-year plan during its board meeting on 19 February, it commits to completing all of the projects by 2023.