The second phase of the air cargo modernization initiative is underway at JFK International Airport. Governor Andrew Cuomo announced the signing of a long-term lease with JFK Air Cargo LLC to develop a state-of-the-art handling facility on 16.2 acres of property in the airport’s North Cargo Area.

The Port Authority Board of Commissioners authorized the 31-year lease agreement Thursday in a deal that is expected to bring $152 million in rentals and a $70 million investment by JFK Air Cargo. The PA is contributing up to $13 million toward site preparation work and roadway improvements.

Read more: https://qns.com/story/2019/04/29/second-phase-of-air-cargo-modernization-program-underway-at-jfk-airport/