Tutor Perini/Parsons JV wins $1.41bn Newark Airport terminal contract
The Port Authority of New York and New Jersey in the US awarded a $1.41bn contract to Tutor Perini/Parsons joint venture (JV) for the design and construction of the new domestic terminal one at Newark Airport.
The new terminal will span over a one-million square foot area and feature 33 gates. It is designed to improve passengers’ travel experience.
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The Terminal One Redevelopment programme will provide a better roadway network and parking space for approximately 3,000 cars, as well as providing other infrastructure enhancements.
Heathrow Hub backers to start legal battle over £14bn runway expansion
The backers of Heathrow Hub, a rival project to Heathrow Airport’s expansion scheme, launched a legal battle against the UK Government’s decision to approve the construction of a third runway at the airport.
According to Sky News, supporters of the Heathrow Hub scheme, which promotes the extension of the airport’s existing second runway rather than the construction of a third one, will bid to stop the £14bn plan from being realised.
In late June, the UK Parliament voted in favour of the third runway with an overwhelming majority, triggering controversy among MPs and criticism from environmental campaigners, members of the public and local residents.
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By GlobalDataFraport to divest entire 30% stake in Hanover Airport for €109.2m
Frankfurt Airport Services Worldwide reached an agreement to divest its entire 30% stake in Flughafen Hannover-Langenhagen (FHLG) to iCON Flughafen, in a transaction valued at approximately €109.2m.
FHLG is the operating company of Hanover Airport (HAJ) in northern Germany.
Fraport acquired shares in FHLG in two portions. At the outset, the company purchased 20% stake in 1998, followed by another 10% in 2003.
Los Angeles City Council approves $2bn car rental facility at LAX
The Los Angeles City Council approved a $2bn contract with LA Gateway Partners (LAGP) for a consolidated car rental facility at Los Angeles International Airport (LAX) in the US.
LAGP, which is a consortium of 11 companies, will design, build, finance, operate and maintain the Consolidated Rent-A-Car (ConRAC) Facility at the airport for a period of 28 years.
The consortium for the ConRAC is led by PCL Construction Services as the general contractor. Design firm AC Martin Partners is a local partner.
Chicago O’Hare Airport’s $8.5bn expansion plan gets approval
Chicago’s City Council approved an $8.5bn expansion plan to modernise the O’Hare International Airport in the US.
Following approval from the City Council, the City of Chicago signed an agreement with carriers United Airlines, American Airlines, Delta Air Lines and Spirit Airlines for airport renovations that will be carried out over the next eight years.
To finance the project, the city also approved an initial $4bn of airport revenue bonds. The O’Hare 21 terminal modernisation plan is expected to create nearly 60,000 construction jobs.
UK airport limitations lead to 23% fall in operators since 2010
UK airport limitations considerably decreased the number of passenger air transport operators since 2010 according to an industry trends report published by Swinton Business.
Restricted growth of UK’s airport sector also adversely affected the number of businesses working in the sector from 1,065 to 820, which conveys an overall decline of 23%.
An excessively high number of small firms have been affected due to limitations placed on British airports. Acquisitions are the main form of entry into the market.
Vancouver International Airport unveils $6.93bn revised expansion plan
Vancouver International Airport (YVR) unveiled its revised 20-year expansion blueprint with a total investment of C$9.1bn ($6.93bn) to ramp up its infrastructure and help manage increased passenger growth.
The updated estimate translates into a 62.5% surge from the original estimate of C$5.6bn ($4.26bn), which was announced by the Vancouver Airport Authority in January last year.
Under the modified multi-year expansion plan, the airport authority has broken ground on a number of construction projects.
Cambodia approves $1.5bn airport in Phnom Penh
The Cambodian Government approved a plan to build an airport in Kandal province with an investment of around $1.5bn.
Cambodia Airport Investment will be responsible for building the 4F class airport which will spread over an area of more than 2,600ha. It will be located in the south of the Cambodian capital Phnom Penh.
The existing Phnom Penh International Airport covers an area of about 400ha of land.
Construction works start on Western Sydney Airport
Construction works started on Western Sydney Airport at Badgerys Creek in Australia with early earthworks.
The Australian Government is investing up to A$5.3bn ($3.84bn) in equity to deliver the airport.
Australia Prime Minister Scott Morrison said: “This airport will remove the handbrake from the Western Sydney economy.
JFK Airport in US to undergo $13bn renovation
John F Kennedy International Airport (JFK Airport) in New York, US, is set to undergo a $13bn modernisation that will see the addition of two new terminal complexes.
Nearly $12bn of the investment will come from private funds and will be used to construct the new terminal complexes, which will add about four million square feet to the airport’s north and south sides.
The terminals will also boost the airport’s capacity by at least 15 million passengers per annum.
