American Airlines, British Airways and the Port Authority of New York and New Jersey have reached a deal for a $344 million terminal expansion at John F. Kennedy International Airport, the authority’s executive director said in February. The project will add gates to Terminal 8, allowing British Airways to move there from Terminal 7.

“Four months ago, we announced plans to transform JFK Airport into a state-of-the-art global hub, with new and unified terminals adding 4 million square feet and increasing the airport’s capacity by at least 15 million passengers annually,” according to Gov. Andrew Cuomo, who has said he is working to modernize airports across New York.

The deal will add to a $13 billion expansion and renovation of JFK taking place over several years, which would unify “a hodgepodge of eight terminal sites.” Ultimately, there will be a major international terminal at the north and south ends of the airport. Private sources account for $12 billion of that spending, with the other $1 billion coming from the Port Authority.

The Port Authority’s other Queens Airport, LaGuardia, is undergoing $8 billion in work, more than two-thirds of which is being financed by the private sector. A new arrivals and departures hall at Terminal B is expected to open next year. The Port Authority also controls Newark Liberty and Stewart airports. Taken together, the authority’s airport projects total $28 billion.

Source: Crain’s New York Business

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