Airlines to fund new terminals at JFK
New York JFK Airport has unveiled details of its proposed multi-billion-dollar update, which will create a world-class air hub for the city.
Plans for the $13 billion project to build two new terminals were outlined by New York governor Andrew Cuomo, who said the city must ‘spend big’ to update its transportation infrastructure to stay competitive.
He said: "JFK has been outdated all of my life. Either you are building and you are creating, or you are getting left behind, that is the simple reality of life," he said.
All but $1 billion will be funded by the private sector.
A new $7 billion terminal will be funded jointly by four international airlines: Lufthansa, Air France, Korean Air Lines and Japan Airlines.
A second $3 billion terminal will be built and financed by JetBlue.
The terminals will be interconnected and more than $1 billion in public money will go toward updating access roads and expanding the AirTrain rail service from Queens.
Work is expected to begin in 2020 with a tentative completion date of 2025.
It will increase passenger capacity to 75 million by 2030 and up to 100 million by 2050.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Skyscanner reveals major travel trends 2026 at ITB Asia
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements