Skanska consortium selected as preferred bidder for La Guardia airport expansion

31 May 2015 (Last Updated May 31st, 2015 18:30)

The Port Authority of New York and New Jersey has selected a 12-member consortium as the preferred bidder for the $3.6bn project covering the construction and operation of a new central terminal building at New York’s La Guardia airport.

The Port Authority of New York and New Jersey has selected a 12-member consortium as the preferred bidder for the $3.6bn project covering the construction and operation of a new central terminal building at New York's La Guardia airport.

The LaGuardia Gateway Partners will comprise Vantage Airport Group, Skanska and Meridiam for development and equity investment, Skanska and Walsh Construction as the construction joint venture, HOK and Parsons Brinckerhoff as the design joint venture, while Vantage Airport Group will be responsible for management of the operations.

Under the first phase of the airport's reconstruction, the consortia will bringdown the Central Terminal Building and construct a new facility featuring a new central entry portal to the airport that would connect previously unconnected terminals.

The world-class terminal facility and the new central entry portal to the airport will be subject to multiple future board approvals consistent with the Port Authority's capital plan.

The selection comes almost two years after solicitation of bids for expansion work that includes the construction of a new 35-gate terminal with more restaurants and lounges, stores, bigger gate areas and improved passenger and baggage screening.

Apart from the new terminal, the expansion would also include a new parking garage, access roads and other infrastructure improvements.

Transportation features such as an AirTrain, ferry service and a people mover will be installed to help passengers travel across the airport.

According to the port authority, more than $2bn will be contributed by the private sector, while the Port Authority of New York and New Jersey will provide around $1bn as part of a public-private partnership (PPP).

Port Authority chairman John Degnan said: "By utilising an innovative public-private partnership in this endeavor, the agency is also taking another important step in bringing state-of-the-art financing techniques to the task of updating our region's airports and other critical infrastructure."

The scope of the contract includes design-build, finance, operation and maintenance of the terminal until 2050. The contract would also give the operating rights of the existing terminal to the consortium.