Ferrovial, through its Airports division, has bought a stake in New Terminal One, the consortium designated to design, build and operate until the year 2060 the new terminal 1 of the JFK International Airport in New York, which includes terminals 1 and 2, and the old T3 of said airport and possible extensions.

Ferrovial’s investment in this operation will amount to 1,140 million US dollars (about 1,062 million euros), as reported by the company on Monday. Specifically, within the framework of this transaction, Ferrovial will acquire 96% of the 51% owned by The Carlyle Global Infrastructure Fund in the New Terminal One consortium.

The closing of the operation is subject to certain conditions precedent, including the approval of the port authorities.

With an investment of 9,500 million dollars (about 8,850 million euros), the project for the new terminal 1 at JFK will be located in the space currently occupied by T1 and T2 and the old T3, more than 232,000 square meters.

The remodeling process, which includes the demolition of the old terminals and the modernization of the infrastructure, will increase the capacity of the terminal, making it the largest terminal in the JFK International Airport.

The construction of the project will be carried out in phases and the first phase is expected to be completed in 2026.

Ferrovial, which entered the aviation industry in 1998, has more than 20 years of experience in investment, development and operation in 33 airports around the world, including the United States, Australia and Chile, and currently has four airports in the United Kingdom. United.

Thus, with a 25% stake, it is the largest shareholder and industrial partner of Heathrow Airport and holds a 50% stake in Glasgow, Aberdeen and Southampton airports.

Ferrovial is also in the process of acquiring 60% of Dalaman International Airport in Turkey from YDA Group.