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August 4, 2021

Agreement reached for $3.9bn Terminal 6 at New York’s JFK Airport

The beginning of work on the new JFK Airport terminal is slated for mid-2022 and the opening of the terminal is scheduled for 2025.

The Port Authority of New York and New Jersey has reached a revised agreement with JFK Millennium Partners for constructing a new $3.9bn international Terminal 6 at John F Kennedy (JFK) International Airport.

JFK Millennium Partners include JetBlue Airways, which operates JFK International Airport’s Terminal 5.

The new international Terminal 6 project, which will anchor the north side of the airport, was initially planned to begin last year. However, the outbreak of the Covid-19 pandemic and its impact on air travel delayed the project.

With this revised agreement, JFK airport will see the construction of a 1.2-million-square-foot new terminal.

Subject to Board approval, the Port Authority will finalise the deal and will enter into a lease agreement with JMP, a private consortium that includes JetBlue Airways, Vantage Airport Group, American Triple I (ATI), and RXR Realty.

The construction of the new terminal will be privately financed by the JFK Millennium Partners consortium and will be built on the former Terminal 6 site that was demolished in 2011 and at the ageing Terminal 7, which will be torn down after British Airways relocation to Terminal 8.

New York Governor Andrew M Cuomo said: “The transformation of JFK Airport into a world-class gateway is another distinct testament to New York’s comeback and to our determination to build back better.

“This historic private investment will not only fortify New York’s reputation as our nation’s front door to the world but also sets an example for how this country can tackle bold infrastructure projects that will jumpstart our economy with thousands of good-paying jobs even amid profound challenges like the pandemic.”

Construction works for the new terminal are scheduled to begin in mid-2022. The new terminal is slated to open in 2025.

Once opened, the new terminal, which will be linked with Terminal 5, will be equipped with a capacity for ten new gates.

The new terminal will have more than 100,000ft² of commercial dining and retail amenities as well as lounges, and recreational spaces.

The Terminal 6 project is expected to create more than 4,000 direct jobs and direct payroll wages of $1.9bn.

The Port Authority Board will be asked to authorise a contribution of $130m for the airside improvements and utility enhancements such as electrical support for the project.

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