Tutor Perini, Parsons JV wins $1.4B New Jersey airport project

Dive Brief:

The joint venture of Tutor Perini and Parsons Transportation Group has been awarded the $1.41 billion Newark (N.J.) Liberty International Airport Terminal One project, according to Engineering News-Record. The new facility will help accommodate the growing number of passengers who pass through Liberty, which as 40 million last year.
The joint venture will design and build the new one-million-square-foot, 33-gate domestic terminal, construct a new system of airport roadways, and increase parking capacity by an additional 3,000 vehicles. The replacement of Terminal A, which is part of a $12 billion Port Authority of New York and New Jersey airport construction program, is New Jersey's biggest design-build contract ever.
Preliminary design work for the new terminal is approximately 30% complete, and surrounding infrastructure construction is underway. Terminal construction is slated to begin in April and be completed in 2020.

Dive Insight:

New York City's major airports, including Liberty in N.J., are under various stages of development.

LaGuardia Airport in Queens, N.Y., has $8 billion of terminal work in progress. The Port Authority, as part of a project in excess of $4 billion, is party to a public-private partnership (P3) with LaGuardia Gateway Partners (LGP) for the replacement of the airport's Central Terminal B. LGP designed and financed the project and is now building the terminal. LGP will also operate the facility once construction is complete. In August, former NBA star Earvin "Magic" Johnson announced that he had invested in the project.

In addition, Delta, which provides service in and out of LaGuardia, is building a $4 billion terminal there. The airline is financing the lion's share of the construction itself, with the Port Authority footing the bill for the rest.

A $10 billion redevelopment of John F. Kennedy International Airport still is mostly in the planning stage, but took a step forward when the Port Authority in September hired U.K.-based Mott MacDonald to do early engineering and design work. Specifically, the Mott MacDonald-led team will design connecting terminals; airport roads and parking and a commercial component with fine dining and luxury retail, as well as conference and meeting space. The master plan will also include a strategy for new security.

When New York Govenor Andrew Cuomo first announced the project, he and others involved in its execution said that it was ripe for delivery as a P3 and could involve private investment.