The Port Authority of New York and New Jersey last week broke ground on the $9.5 billion John F. Kennedy International Airport New Terminal One project.
The project will see a 2.4 million-square-foot international terminal built in phases on the site of three other terminals. The terminal will anchor the south side of the airport and will be the airport’s largest terminal with 23 gates.
The port authority and New Terminal One, a consortium of financial sponsors, revised their agreement late last year. The consortium will fully fund the project while the port authority will build a supporting road and the utility infrastructure.
“We need a world-class hub to welcome people from around the world and let them know who we are,” New York Gov. Kathy Hochul said at the groundbreaking ceremony. “This is our identity. So today, we’re here to announce that we are finally after years of delay breaking ground on phase one of Terminal One. That’s extraordinary. It’s serving a number of international airlines.”
The terminal is part of a larger $18 billion Transformation Project at the airport. It is expected to open in 2026.
Construction will create 6,000 jobs with an additional 4,000 positions created as a result of the project.