Airport World - Joe Bates
Ferrovial Airports has agreed to acquire a stake in New Terminal One, the consortium appointed to design, build and operate the new $9/5 billion Terminal One at New York–JFK.
Under the deal, Ferrovial is acquiring 96% of The Carlyle Global Infrastructure Fund’s 51% stake in New Terminal One.
The completion of the transaction is subject to certain conditions precedent, including Port Authority Board approval. Ferrovial’s investment would amount to $1.14 billion.
The new terminal will stand on the site currently occupied by T1, T2, and the former T3 and will offer an enhanced user experience over its more than 2.5 million square feet.