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Ferrovial buys 49% of new JFK terminal in New York

Ferrovial acquires US investment firm Carlyle Its 96% participation in the consortium designated to design, build and operate a new…

By admin , in news , at June 7, 2022

Ferrovial acquires US investment firm Carlyle Its 96% participation in the consortium designated to design, build and operate a new terminal at New York’s JFK International Airport for US$1,140 million (1,062 million euros).

Currently, Carlyle holds 51% of the consortium and ferrovial has acquired 96% of this stake through its subsidiary airports, so the Spanish construction company will control 49% of the total, since the two partners, JLC and Ulico, have a majority stake of 30% and 19% respectively.

conditions precedent

In any case, the cessation of operations is subject to certain aforesaid conditions, including approval of the Port Authorities, as reported under the Chairmanship of the Company. Rafael Del Pino National Securities Markets Commission (CNMV). Ferrovial revealed in February that it was in talks for the operation and it is now that the two sides have reached an agreement.

With an investment of $9,500 million (about 8,850 million euros), the project for the new Terminal 1 at JFK, called new terminal one, currently T1 and T2 and the old T3, will be located in a space occupied by over 232,000 square metres. Ferrovial will be part of the financial partners, while AECOM and Gensher will be part of the design and manufacturing part.

The remodeling process, which will include the dismantling of the old terminals and modernizing the infrastructure, will increase the terminal’s capacity, making it the largest terminal in the world. JFK International Airport, The project will be constructed in phases and the first phase is expected to be completed in 2026.

Promoters expect it to serve as a gateway to the metropolitan area of ​​infrastructure nueva york and set a new standard for design and service, aspires to be among the top ten airport terminals in the world.

Experience

The new Terminal One will have 23 gates, large public spaces with a sustainable design, natural lighting and new technologies. more than 300,000 square feet (91 km) of space for restaurants, shops, lounges and entertainment, promising to offer travelers a “unique location” in New York with a special memory of the neighborhood queens,

Entering the aviation industry in 1998, Ferrovial has over 20 years of experience investing, developing and operating in 33 airports around the world, including America, Australia You Chile And there are currently four airports in the United Kingdom.

The announcement of the operation comes months after Ferrovial reached an agreement to manage part of Dalaman International Airport in Turkey.

Thus, with a 25% stake, it is the company’s largest shareholder and industrial partner. airport of heathrow and holds a 50% stake in Glasgow, Aberdeen and Southampton airports.

The announcement of the operation comes a few months after Ferrovial signed a deal with Turkish infrastructure company YDA Group to acquire a 60% stake in the company, which manages the concession for the international airport. innerIn Turkey, for 140 million euros.

Ferrovial buys 49% of new JFK terminal in New York

2022-06-07 05:32:18