Governor Andrew Cuomo has announced the second phase of a multi-tiered cargo modernization plan at the John F. Kennedy International Airport.
JFK Air Cargo will build a state-of-the-art handling facility at the airport. The Port Authority Board of Commissioners authorized the 31-year lease agreement with the company; the deal expected to bring $152 million in rentals and a $70 million investment by JFK Air Cargo.
The port authority is contributing up to $13 million toward site preparation work and roadway improvements needed to complete construction, including a new truck “turn-around” that would allow additional traffic to enter and exit the North Cargo Area more easily.
Located on 16.2 acres of property in the North Cargo Area, the new facility is expected to be completed in approximately 24 months.
The new facility is expected to yield an estimated 200,000 tons of additional cargo, 5,400 regional jobs, more than $1.8 billion in sales and an estimated $660 million in wages.
The plan to transform Kennedy Airport calls for a $13 billion redevelopment, with two new terminals that will help create an interconnected, unified facility adding a total of four million square feet to the airport’s North and South sides. The modernized JFK Airport will feature premier passenger amenities, superior security technology and improved customer service. Private funding is being used for $12 billion of the cost.
Phase one of the cargo modernization effort was authorized by the Port Authority board in 2017, with a long-term lease with Aero JFK II for a 346,000-sq.-ft. handling facility.