In the U.S., aging airport infrastructure is struggling to keep up with market needs. Congestion is increasing, terminals are outdated, and limited gate availability at major hubs prevents airports from expanding routes and welcoming new airlines.
As cities and regions grow, modernizing and maintaining these critical transportation facilities is essential to keeping pace with traveler and business demand and to supporting economic opportunity. But modernization comes with steep costs, and public funding alone often falls short—especially for complex, multibillion-dollar airport projects.
Enter P3s: A New Model for Airport Development
Public-private partnerships (P3s) offer a compelling solution for the future of airports. By blending private investment with public oversight, they create a more efficient and scalable way to design, build, finance, operate and maintain (DBFOM) airport infrastructure. P3s bring deep expertise to the table, raising the bar for safety, sustainability, and quality. State-of-the-art technologies are enhancing passenger comfort, reducing transit times and creating a seamless, efficient travel experience.
Unlike traditional models, where different parties may handle different phases, the P3 approach enables integrated oversight across the full lifecycle of an asset—from concept and construction to long-term maintenance and operation. That means future-ready airports are designed to last for decades to come.
The New Terminal One: A Future-Ready Airport in Action
The New Terminal One at JFK International Airport exemplifies the P3 model in action. Delivered through a P3, this multibillion-dollar redevelopment will be one of the largest and most technologically advanced terminals in the U.S.
With innovations like biometric technology, smart security systems, and the largest solar array of any airport terminal in the US, the New Terminal One is designed for the needs of tomorrow’s travelers. Additionally, airports are vital economic engines that reflect a broader vision—one that includes community investment and economic opportunity that will result in the creation of 10,000 local jobs.
The New Terminal One signals a bold vision for the future of air travel and airport projects across the U.S. Through this P3, Ferrovial and its partners are laying the groundwork for a new era in airport operations and passenger experience. Together, we are redefining what’s possible in airport design, paving the way for further expansion and modernization across the country.
Delivering the Future of Infrastructure
In 2023, nearly 85 million passengers passed through airports managed by Ferrovial. With more than 25 years of experience in global airport management, our team brings a unique integrated model that combines DBFOM under one roof. This allows for faster delivery, better performance, and more strategic alignment among stakeholders.
In the face of growing demand and aging infrastructure, P3s are the path forward to delivering future-ready airports that serve travelers, businesses, cities, and local economies.
These projects help growing cities solve complex transportation challenges with sustainable, modern infrastructure solutions. By applying a whole-lifecycle approach, we help communities unlock long-term value—not just from the infrastructure itself, but from the economic growth it enables.
