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Public-Private Partnership Will Build $4B Terminal at JFK Airport
The Port Authority of New York and New Jersey’s board of commissioners has approved a public-private partnership with JFK Millennium Partners (JMP) – including JetBlue Airways — to build a $3.9-billion Terminal 6 at JFK International Airport. The new terminal will create an anchor on the airport’s north side.
Originally set to break ground in 2020, the project was threatened by the impact of the COVID-19 pandemic on air travel and the uncertain future of the industry. Construction will be privately financed.
Port Authority executive director Rick Cotton said the board’s vote and JMP’s investment commitment “loudly proclaims the confidence the private sector has in the future of JFK Airport and of our region. At the height of the pandemic, when JFK Airport was seeing an unthinkable 2% of its pre-COVID passenger volumes, we never lost sight of finding a path forward for this world-class terminal.”
- ◦Development