Governor Kathy Hochul today announced that the Port Authority of New York and New Jersey has reached a revised agreement with The New Terminal One (NTO) – a consortium of financial sponsors – to build a 2.4 million square foot state-of-the-art new international terminal that will anchor the south side of John F. Kennedy International Airport. The $9.5 billion project will be built in phases and will 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. When completed, The New Terminal One will be the largest international terminal at JFK and aspires to be among the top-rated airport terminals in the world.
“As we recover from this pandemic, I want to ensure that everyone traveling to New York has a welcoming and streamlined experience and that New Yorkers have the modernized transportation hubs they deserve,” Governor Hochul said. “The time to get large infrastructure projects done is now, and I’m committed to getting JFK’s brand new Terminal One underway and completed as soon as possible.”