LaGuardia Airport receiving $4B renovation

LaGuardia Airport in New York is being renovated through what may be the largest public-private partnership (P3/PPP) in the country. Construction is underway on the $4 billion project, which will scrap the current hub-and-spoke design of the main terminal and replace it with two islands of gates connected to the main terminal building with pedestrian bridges. All of the design, construction, operation and maintenance of the new terminal will be carried out by a group of private companies who are funding $2.6 billion of the construction costs and will operate the terminal through 2050.

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