LaGuardia Airport P3 Costs Test Port Authority’s Capital Budget

The various departmental managers at the Port Authority of NY/NJ have been ordered to reprioritize their capital budgets for 2016 to find savings needed to offset cost growth, mainly on the LaGuardia Airport P3 project.

Scope creep and changes made in the past six months to satisfy Gov. Andrew Cuomo’s redesign of the central terminal building have added hundreds of millions to the $3.56-billion all-in estimate made in 2014. Final numbers won’t be known until the DBFOM terms are put to a vote by the Port Authority board, now scheduled for March 24.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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