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30 March 2016

Port Authority Authorizes Funding for LaGuardia Airport’s New Terminal B and Central Hall

LaGuardia Airport New Terminal B

Governor Cuomo’s vision for the transformative redesign of New York City’s LaGuardia Airport continues to move forward.

Underscoring a renewed commitment to its core transportation mission, the Port Authority’s Board of Commissioners approved a lease with LaGuardia Gateway Partners to design, build, finance, operate and maintain a new Terminal B. The lease also includes the construction of a new Central Hall, a key recommendation of Gov. Andrew Cuomo’s airport advisory panel, and supporting infrastructure such as new roads and a parking garage.

LGP is made up of Vantage Airport Group, Skanska and Meridiam for development and equity investment; Skanska and Walsh Construction as the construction joint venture; HOK and WSP | Parsons Brinckerhoff as the design joint venture; and Vantage Airport Group for management of the operations.

“This vote marks a critical step forward in our effort to overhaul LaGuardia Airport,” said Governor Andrew M. Cuomo. “Our plan will fundamentally transform LaGuardia–replacing what is now an outdated and poorly designed complex with the world-class airport New York has always deserved. This represents a major milestone for the project – the first of many–and I look forward to seeing construction begin later this year.”

“Modernizing our aging airport terminals demonstrates the Port Authority’s commitment to focusing on the region’s transportation infrastructure,” added Port Authority Vice Chairman Scott Rechler. “To achieve operating efficiencies, offer our customers the best in world-class service and meet the anticipated rise in passenger demand, it is imperative that the agency continues to make these investments in our airports.”

More:

The Port Authority of New York and New Jersey News Release

New York State News Release