Chicago’s City Council has approved an $8.5bn expansion plan to modernise the O’Hare International Airport in the US.

Following approval from the City Council, the City of Chicago signed an agreement with carriers United Airlines, American Airlines, Delta Air Lines and Spirit Airlines for airport renovations that will be carried out over the next eight years.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

To finance the project, the city also approved an initial $4bn of airport revenue bonds. The O’Hare 21 terminal modernisation plan is expected to create nearly 60,000 construction jobs.

“The O’Hare transformation is a boarding pass to a brighter future for Chicago.”

Chicago Mayor Rahm Emanuel said: “The O’Hare transformation is a boarding pass to a brighter future for Chicago.

“We are creating tens of thousands of jobs across our city for years to come, injecting billions of dollars into our economy and positioning O’Hare as the gold standard for airports around the world. Even by the sky-high standards of a city famous for making no little plans, the O’Hare expansion is a big deal for Chicago’s future.”

Under the redevelopment programme, Terminal 2 will be demolished to develop the new O’Hare Global Terminal that will improve customs and immigration processing.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Terminals 1 and 3 will also undergo modernisation. Plans are also in place to upgrade and expand Terminal 5.

The expansion to O’Hare’s facilities will create 25% more gate capacity, as well as new security and technology and various infrastructure improvements to increase airline performance.

According to the plans, the Terminal Area Plan (TAP) will completely redevelop O’Hare’s existing terminals by 2026, with expanded gates and facilities at Terminal 5, the redevelopment of Terminal 2 into a new fully integrated O’Hare Global Terminal, and renovations and expanded concourses to Terminals 1 and 3.