John F. Kennedy International Airport (JFK Airport) in New York, US, is set to undergo a $13bn modernisation that will see the addition of two new terminal complexes.

Nearly $12bn of the investment will come from private funds and will be used to construct the new terminal complexes, which will add about four million square feet to the airport’s north and south sides.

The terminals will also boost the airport’s capacity by at least 15 million passengers per annum.

New York Governor Andrew Cuomo said: “This historic investment to modernise JFK Airport and the surrounding transportation network will not only ease travel through this major hub, but it will ensure JFK joins the ranks as one of the finest airports in the world.”

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The latest announcement comes after the selection of a master planning team for the redevelopment of the airport, led by Mott MacDonald and Grimshaw Architects in September last year.

On the airport’s south side, the proposed new 2.9 million square foot terminal will be developed by the Terminal One Group, a consortium of Lufthansa, Air France, Japan Airlines and Korean Air Lines. Their investment will be $7bn.

“The investment will ease travel through this major hub and ensure JFK joins the ranks as one of the finest airports in the world.”

Upon becoming operational, the terminal will provide 23 international gates, 22 of which will be designed to accommodate larger, wide-body aircraft such as the Boeing 787 Dreamliner or Airbus A380.

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It will feature 24 security screening lanes, more than 230,000ft² of retail, dining and other concessions, 116,000ft² of airline lounges, and 55,000ft² of interior green space.

Operated by Munich Airport International, the complex will also be connected to the existing Terminal 4.

On the airport’s north side, JetBlue will develop the $3bn terminal building spanning across 1.2 million square foot. Terminal 7 will be demolished and combined with the vacant space left by the demolition of Terminal 6 in 2011.

Equipped with 12 international gates for larger, wide-body aircraft, the complex will include 74,000ft² of retail, 30,000ft² of airline lounges and 15,000ft² of recreational space.

Construction is slated to commence in 2020 with the first new gates set to open in 2023 and substantial completion expected by 2025.

Private non-Port Authority funding of $2bn will be provided for critical infrastructure upgrades laying the foundation for these new terminals.