New York Governor Andrew Cuomo has promised that a new $13billion project will make JFK - which currently ranks among the lower-rated airports in the U.S. - “one of the finest airports in the world.”

The newly unveiled plans include adding two new international terminals, which will increase the airports passenger capacity from 60 million in 2017 to 80 million by 2035.

Nearly $12bn of the investment will come from private funding and will be used to construct the new terminal complexes. On the South Side, the complex will be developed by the Terminal One Group a collaboration of Lufthansa, Air France, Japan Airlines and Korean Airlines who will invest $7bn. The terminal will provide 23 international gates, 22 of which will be designed to accommodate larger, wide-body aircrafts such as the Boeing 787 Dreamliner or airbus A380.

On the north side, JetBlue will develop the $3bn terminal building which will become home to 12 new international gates for larger wide-bodied aircraft. The complex will include 74,000ft² of retail, 30,000ft² of airline lounges and 15,000ft² of recreational space.

Private non-Port Authority funding of $2bn will be provided for critical infrastructure upgrades laying the foundation for these new terminals

The construction of the project is expected to commence in 2020 with the first of the new gates expected to open in 2023. The project in its entirety is to be completed in 2025.

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