The Port Authority of New York and New Jersey (PANYNJ) has updated its plans for a long-term concession of a new central terminal building at New York's LaGuardia airport.
The airport operator has honed cost estimates to about $2.6 billion from more than $3 billion, with a private concessionaire contributing about $1.87 billion in financing and equity and the PANYNJ about $730 million. Sources of funds include passenger facility charges, special project bonds, about $200 million in private equity and PANYNJ funds.
The new 120,774m² (1.3 million ft²) terminal would have 35 contact gates, including 31 for group three aircraft - Airbus A320 family and Boeing 737 sized aircraft - and four for group four aircraft - Boeing 757 and 767s. Earlier plans included up to 38 contact gates. It would also have 214 check-in positions.
The PANYNJ did not respond to questions on why no gates for group five aircraft, which includes the Boeing 787, are included in the plans by press time.
Statements of qualification are due on 25 January, which were delayed from 21 December 2012. Prequalified bidders will be selected during the first quarter and a request for proposals released in the second quarter.
The phased construction timeline calls for ground breaking by the third quarter of 2014 with the first 20-gate phase opening by the fourth quarter of 2018. The entire terminal along with demolition of the old facility is slated to be complete by the fourth quarter of 2021.
Attendees to a project meeting in November included ADC&HAS Airports Worldwide, Arup, Corporacion America, Fengate, Ferrovial, Fiera Axium Infrastructure, Highstar Capital, Kiewit Infrastructure, Lend Lease, Meridiam Infrastructure, OHL, Parsons, Ricondo & Associates Skanska, Samsung C&T and Vantage Airport Group.
The project will replace LaGuardia's nearly 50-year old central terminal building as well as the adjacent parking garage and approach roads.