The construction of John F. Kennedy International Airport’s (JFK) New Terminal One (NTO), a project Steer has supported since 2017, will begin this summer after reaching a successful financial close last week.
NTO will be a transformational project for JFK and the New York region, providing a new, 2.5 million square foot terminal building and creating 10,000 new jobs in the region.
Steer is proud to have supported the development team for what will be JFK's largest international terminal, and congratulates the entire project team on a successful financial close.
Steer has been lead traffic and business plan advisor to the developer consortium since 2017, working with a world-class group that includes The Carlyle Group, JLC Infrastructure, Ullico, and, most recently, Ferrovial.
NTO is a part of the Port Authority of New York and New Jersey’s vision for transforming JFK and Steer’s support for the project is in line with our core mission of helping people, places and economies thrive.
The first phase, which will include a new arrivals and departures hall and the first set of new gates, is scheduled to open in 2026.
Congratulations to everyone involved for a job well done.