The Port Authority of New York & New Jersey

The Port District: What We Manage and Operate • Aviation: JFK International, Newark Liberty International, LaGuardia, Stewart International, Atlantic City International and Teterboro • PATH Interstate Commuter Rail: Connects New Jersey to NYC • Port Commerce: Container and auto shipping; busiest marine port on U.S. East Coast • Tunnels, Bridges & Terminals: GWB; three bridges linking NJ to Staten Island; two major tunnels; three bus stations • Real Estate & Development, including World Trade Center

A World-Class, Integrated Airport System: The Big Three

John F. Kennedy International International Gateway For Passengers and Cargo •53.3M Passengers •1.34M Tons Cargo •422,500 Flights

Newark Liberty International Int’l/Transcontinental and Small-Package Hub •35.6M Passengers •666,000 Tons Cargo •395,500 Flights

LaGuardia Premier Short-Haul Domestic Airport •27M Passengers •7,000 Tons Cargo •360,800 Flights All statistics for 2014

A World-Class, Integrated Airport System: The Supporting Three

Stewart International Gateway to New York’s Hudson Valley •310,000 Passengers •15,000 Tons Cargo • 37,000 Flights

Atlantic City International Gateway to Southern New Jersey •1.2M Passengers •30,000 Flights •No Cargo

Teterboro General Aviation/ Corporate Reliever •162,000 Flights •12 Miles from Midtown Manhattan All statistics for 2014

Economic Impact The six airports in the Port Authority of NY & NJ’s system • Support 571,850 jobs • Create $28.7 billion in wages • Generate $79.3 billion in sales EVERY YEAR

$8 Billion, 10-Year Capital Plan • Approximately $8 billion will be invested in the region’s airports • $3.2 billion developer cost for new terminals at LaGuardia and Newark Liberty International airports • $4.7 billion in core spending, including 104 state of good repair projects

LaGuardia Airport

8 miles LaGuardia Airport

Times Square, Midtown Manhattan

LGA and NYC

15 miles World Trade Center, Downtown Manhattan Newark Airport

17 miles JFK Airport

LaGuardia Airport Ingraham’s Mountain

Flushing Bay Lot 10E

Bowery Bay

Delta Shuttle (A)

Central Terminal Building (B) Redevelopment Phase 1

Delta Terminals (C & D) Redevelopment Phase 2

Ball fields

• 680 Acres

• 26.9 Million Annual Passengers

• 4 Passenger Terminals

• FAA Slot Controlled Airport

• 361,000 Annual Flights

• Compensatory Airport

A New LaGuardia for the State of New York Update from the New York Airport Advisory Panel Dan Tishman, TITLE - DATE

Time to Rebuild LaGuardia • Replace Terminals B, C, and D with Unified Terminal • Phase 1 Construct a New Terminal B (Central Terminal) with Central Arrival and Departure Hall • Phase 2 Redevelop Terminals C and D and Connect to Central Arrival and Departure Hall

• Expanded Transportation Access and Best-in-Class Passenger Amenities

Originally dedicated in 1964, the Central Terminal Building has been in service for over 50 years.

Scope

LGA Redevelopment Program-Phase 1

LGA Central Terminal Building Replacement Program

Public Private Partnership (PPP)

LGA Capital Infrastructure Renewal Program

(LGACI)

New Improvements Program

by PPP for PA

Program Structure

Port Authority – LGACI Projects LGA Redevelopment Program

PPP – New Improvements LGA Redevelopment Program Projects

PPP – New Terminal B Facilities LGA Redevelopment Program

LGA Redevelopment Program Phase 1 New Terminal B Project

Purpose and Need

Progression of the Central Terminal Building 1939

19391939 1964

1964 1964 2021

CTB 1964

8 MAAP

2013

~ 13 MAAP

2030

> 17 MAAP

2021

2021 MAAP: Million Annual Air Passengers

30’

Airside Deficiencies

Existing Taxilane Center line B737-900w

DC9-30

The typical aircraft has grown 20% wider and 15% longer

ADG III

ADG IV

Airside Deficiencies

Tow-in Pathline Existing Taxilane Taxilane Center Center line

•Existing taxilanes •Existing are undersized taxilanes are undersized •Minimal start-up •Minimal startpositions up positions •Numerous •Numerous towtow-in ingates gates •Sub-standard wingtip •Sub-standard wingtip clearances clearances •Some gates •Some gates require require pushback onto pushback onto taxiways taxiways

Terminal Deficiencies

Square Footage

100,000

Existing Area

90,000

Deficiency at 12 MAP

80,000

Future Deficiency at 17.5 MAP

70,000 60,000

50,000 40,000 30,000 20,000 10,000 0 Ticketing Area

Passenger Baggage Gate Hold Secure Screening Screening Area Concessions

Landside Deficiencies

Airside, Landside & Terminal Improvements Airside •

Standardized wing tip clearances

•

No pushbacks onto adjacent taxiways

•

Multiple start-up positions

•

All gates power-in

Landside •

Improved traffic flow

•

Vehicle / Pedestrian separation

•

HOV traffic separation

•

Enables threat mitigation

Terminal •

Accommodate Group III aircraft with flexibility for Group IV

•

Enhanced passenger screening area to accommodate additional demand, with flexibility to accommodate new technologies

New Terminal B Improvements At A Glance Feature Terminal

Original CTB

New Terminal B

835,000 sq ft

1,310,000 sq ft

Passenger Level of Service

Designed for 8 MAAP

Security Screening

20,000 sq ft

Concessions Terminal Frontage

Designed for 17.5 MAAP 60,000 sq ft

70,000 sq ft (10% post security)

97,000 sq ft (95% post security)

2 levels

3 levels with dedicated HOV level

New Terminal B Replacement Project Largest & Most Complex PPP Deal in North America

Key Challenges

Benefits of a Public Private Partnership

Unique Site Constraints

Harnesses private sector Design & Construction expertise and innovation

Coordination with Eight Airlines

Experienced world class operator assumes management of terminal operations throughout lease term

Cost and Schedule Certainty

Accelerates project delivery with greatest certainty of costs and schedule

Program Responsibilities Port Authority • Airport Operator • PFC funding (with FAA approval) • Airport infrastructure funding

• Obtain environmental approvals • Approve design / construction submissions • Relocate Airport-wide Functions out of Existing CTB

Developer • Complete construction at fixed price on schedule • Provide additional funding including equity • Operate and maintain Project for 35years • Pay annual rent plus revenue share

• Manage all airline driven changes • Negotiate all New Terminal B subleases • Perform life cycle improvements and return the Terminal at the end of the Lease term in required condition

LaGuardia Gateway Partners • Five-time Skytrax World Airport award winner 20 years in global airport experience Manage 9 airports around world Transitioned 19 airports from public to private Operations

Vantage Airport Group

Equity Investment Debt Finance

Meridiam / Vantage / Skanska ID Citigroup Global Markets / Wells Fargo

Construction

Skanska ID Walsh Construction

Design

Hellmuth, Obata + Kassabaum, PC

Aviation Planning & Engineering

Parsons Brinckerhoff

Preferred Proposer LGA Gateway Partners World-Class Terminal

• Award-winning terminal operator with global experience • Fully integrated team invested in long term partnership

Enduring / Innovative Design

• Design provides iconic New York experience and can accommodate future airport enhancements. • LEED Gold Certification

Minimize Disruption Best Value / Greatest Certainty

• One move per airline – least disruptive to passengers • Headhouse and total project complete early • Efficient phasing/staging • Fixed all-in cost of $3.2B

Fair Reasonable • Proven and transparent compensatory rate method Airline Cost Optimize Risk Sharing

• Nearly all cost and delay risk borne by developer • Management fees tied to budgetary performance • Appropriate revenue share given risk allocations

Economic Impact LaGuardia Airport Redevelopment Phase I

• • •

18,200 job-years $1.3 billion in wages $5.2 billion in economic activity

MWSDBE Goals (PPP)

• • • • •

Minority, except laborers 30% Minority, laborers 40% Female, except laborers 6.9% Female, laborers 6.9% ACDBE Program 20%

Airport Advisory Panel’s Recommendations

29

B a complete, efficient, and appealing experience for passengers

Build a State of the Art, 21st Century, Unified LaGuardia Airport 30

Central Hallcenter, linking ommodates a futureCreate hotel,a business Terminals B and C and and ground transportation

accommodate future hotel, business center, and AirTrain

31

Build terminal cl additional taxiways and reducing delays

Move terminals closer to State Highway to improve aeronautical ramp movement and efficiency 32

Construct People Mover to provide Include an Airport People Mover to move passengers with easier movement passengers in a convenient and accessible throughout the airport

manner

33

Improve all ways to access the airport: AirTrain, improved roadways…

34