The Intesa Sanpaolo IMI Corporate & Investment Banking Division underwrote an up to 6.63 billion dollars senior debt financing package, along with a group of six Co-ordinating Lead Arrangers to develop and implement Phase A, of the three planned, of the New Terminal One at New York JFK International Airport.
The project is considered the single largest airport infrastructure investment in the US and aims to build a state-of-the art terminal at JFK that will support an expected 10+ million passenger enplanements by 2030. The project is estimated to have a total cost of about 9.5 billion dollars.
The “New Terminal One” – expected to be completed by 2026 – will be the largest terminal at JFK (about 223,000 square meters) and is being developed at the site of the existing Terminals 1, 2 and 3. Phase A will add 14 wide body gates, with 9 additional gates expected to be added in subsequent phases for a total of 23 gates by 2030.
Read the press release.