Swedish construction group Skanska AB and their partners sold $2.4B in debt last Tuesday to finance construction of the new 35 gate Central Terminal at LaGuardia. The total price tag is estimated at $4B. The Port Authority of New York and New Jersey is allowing Skanska and their partners to handle the design, construction, and financing of the terminal. The Port Authority is throwing in $1B for financing and spending $1.2B on roads, parking, and a “Central Hall” to connect the new terminal to Delta’s C & D terminals. As per Bloomberg:
The new terminal will be 64 percent bigger than the current one and have more restaurants, lounges, stores, larger areas around the gates and improved passenger and baggage screening. The project will include the demolition and relocation of a parking garage in front of the current terminal, where a new check-in and security area will be built. New pedestrian bridges, to be built over top of the current entrance way, will connect to new concourses. The project is slated to be completed by July 2022.
The project could face delays as Delta may decide to overhaul terminals C & D at the same time.
Check out the new renderings below of the water taxi landing at LGA with planned direct links to multiple ports in Manhattan.
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