LaGuardia Airport Redevelopment Project Progresses
On Friday, the Port Authority's Board of Commissioners voted unanimously to begin the first phase of an overall redevelopment of LaGuardia Airport by selecting LaGuardia Gateway Partners - of which Walsh is a member of - to develop a $3.6 billion world-class facility to serve approximately 50% of the passenger volume at LaGuardia.
About the Project
The Port Authority of New York/New Jersey (PANYNJ) has embarked on a Public-Private Partnership (P3) to replace the Central Terminal Building (CTB) at LaGuardia Airport (LGA). This is one of the most ambitious P3s ever undertaken in the New York/New Jersey region. This project will see the current CTB removed with the P3 providing the design, construction, financing, maintenance and operation of a new terminal in its place. The terminal, which was dedicated in 1964, serves most of the airport's scheduled domestic airlines.
About Our Team
LaGuardia Gateway Partners is comprised of Vantage Airport Group, Skanska and Meridiam for development and equity investment; Skanska and Walsh Construction as the construction joint venture; HOK and Parsons Brinckerhoff as the design joint venture; 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 and Los Angeles and in Chile and The Bahamas.
For more information about the LaGuardia Airport Terminal Replacement Project, click HERE.
The Port Authority of New York & New Jersey's official press release can be found by clicking HERE.