LaGuardia Central Terminal B Wins Americas Transportation Deal of the Year
LaGuardia Gateway Partners’ redevelopment of the 1.3-million-sq.-ft, 35-gate LaGuardia Central Terminal B was named Americas Transportation Deal of the Year at the PFI Awards.
The Project Finance International (PFI) Awards honor achievement and innovation in the global project finance market. LaGuardia Gateway Partners (LGP) is composed of Vantage Airport Group, Skanska and Meridiam for development and equity investment; Skanska-Walsh as the design build joint venture; HOK and WSP | Parsons Brinckerhoff for design; and Vantage Airport Group for management of the operations.
“The traditional approach to funding airport projects—through through government grants and passenger fees—cannot keep pace with the growth in passengers and cargo going through airports, making public-private partnerships key for successful redevelopment. LGP has made history with regards to the financial structure of the deal. Valued at $4 billion, the agreement is one of the largest public-private partnerships in the history of the United States and the largest in U.S. aviation.”