DY Consultants is proud to share the news that Port Authority of New York & New Jersey is ready to build the new Terminal One at JFK International Airport! According to PANYNJ, the new 2.4 million square foot international terminal has a price tag of $9.5 billion and will anchor the south side of New York JFK. Being funded and developed by The New Terminal One (NTO) consortium, the project will be built in phases and is expected to create more than 10,000 jobs, becoming the fourth major terminal project announced by the Port Authority as part of a complete transformation of JFK into a “world-class airport worthy of New York and the region”. DY Consultants’ program managers are heavily involved in this important project. We are excited to see this project moving forward to the next phase!
When completed, the new Terminal One, which will ultimately have 23 gates, will be the largest international terminal at JFK and aspires to be among the top-rated airport terminals in the world. The full cost of the terminal will be privately financed by the NTO consortium which includes financial partners Carlyle, JLC Infrastructure, and Ullico.