Construction starts on LaGuardia redevelopment project

Posted on in News

USA: Governor Andrew M. Cuomo has broken ground on the new LaGuardia Airport construction on Tuesday 14th of June – marking the first complete rebuild of an airport in the United States in more than 20 years.

The Governor, joined by Vice President Joe Biden, made the announcement as construction began on a new 1.3 million square foot, state-of-the-art 35-gate terminal, along with a new west parking garage and other supporting facilities.

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The groundbreaking follows the recently executed lease agreement and financial close reached by LaGuardia Gateway Partners, a consortium of Vantage Airport Group, Skanska and Meridiam, and the Port Authority of New York and New Jersey on 1st June.

The project includes a new 35-gate Terminal B, Central Hall, West Garage, related roadways and supporting infrastructure. During construction, the existing terminal will remain fully operational and flights will not be affected. The $4 billion public-private partnership is one of the largest for new transportation infrastructure in the U.S. and is financed using equity, debt and revenues.

The new airport will begin to open to the public in 2018, with all portions of the redesigned Terminal B slated to open by the end of 2021.

“LaGuardia is a key driver of New York’s economy and transportation network, but for far too long it has been outdated, overcrowded, and unworthy of the Empire State,” Governor Cuomo said. “Today, we are not just breaking ground – we are building an entirely new LaGuardia and transforming it into a world-class transportation gateway for the 21stcentury. This state has always been built to lead and now that legacy continues with this unprecedented project that will drive growth and generate continued prosperity for generations to come.”

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