The project is expected to create at least 10,000 employment opportunities.
Construction work on the $9.5bn New Terminal One at JFK International Airport in New York, US, is set to begin this summer, following receipt of financial and environmental clearances.
Financial close has been achieved for the first phase of the project. The project has also secured final environmental approval from the Federal Aviation Administration.
New York Governor Kathy Hochul said: “The construction of this new state-of-the-art terminal at JFK is key to our vision for a new era in New York