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Skanska is leading the design and construction of the LaGaurdia Central project, a public-private partnership between LaGuardia Gateway Partners and the Port Authority of New York and New Jersey. The project is the beginning of a new vision for the overall redevelopment of LaGuardia Airport. It will improve the traveling experience for millions of people and it will be a major economic generator for the region.
Under an innovative public-private partnership — the largest in the United States — LaGuardia Gateway Partners will design, build, operate and maintain the Central Terminal B facility. The public-private partnership contract includes taking over operations of the existing Central Terminal Building and designing, building, financing, operating and maintaining a new replacement terminal for a lease term through 2050. The project will be financed using equity, debt, passenger facility charges, retail, and airline revenues. As part of the public-private partnership, the risk of cost overruns or schedule delays in the LaGuardia project will be transferred from the Port Authority to LaGuardia Gateway Partners.
LaGuardia Airport opened to the public in 1964 with a design capacity of 8 million annual air passengers. Today, Terminal B annually serves more than 14 million passengers. This project will position LaGuardia Airport to meet the needs of the 21st Century. Specific components include:
Preferred Bidder Selection: May 2015 Governor Cuomo Unveils Vision for LaGuardia Airport: July 2015 Lease Authorization: March 2016 Commencement: 1 June 2016 Operate & Maintain Terminal: 1 June 2016 to 30 December 2050
LaGuardia Central reflects recommendations from New York Governor Cuomo’s Airport Advisory Panel, including the new light-filled Central Entry Hall, which will connect Terminals B and C and unify the airport for the first time. By constructing the new terminal closer to the Grand Central Parkway, it will increase airport taxiways and reduce airport ground delays.
LaGuardia Gateway Partners is composed of Skanska, Vantage Airport Group 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. LaGuardia Gateway Partners’ members have worked on more than 350 aviation and transportation projects globally and domestically, including international airports in New York (John F. Kennedy), Boston, Chicago, Los Angeles, Chile, and The Bahamas.
Michael IacovellaSenior Director, Communications NortheastSkanska USA Inc.+1 917 438 3377
E-mail Michael Iacovella
Niklas FranckSenior Director, Communications & MarketingSkanska Infrastructure Development+1 703 340 1250
E-mail Niklas Franck
Market segment: Aviation