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Sat September 21 2024

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Deal signed for $8.5bn Chicago airport expansion

29 Mar 18 The mayor of Chicago has signed an agreement that will see the city’s international airport undergo a US$8.5bn transformation creating 60,000 construction jobs.

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The new use and lease agreement between the city and airline partners United, American, Delta and Spirit will launch the largest capital expansion of the airport鈥檚 history and will be developed over the next eight years.

The O'Hare 21 terminal redevelopment programme is expected to create 60,000 construction jobs and tens of thousands of permanent jobs.

In addition to increasing connectivity and reducing delays, the plan to expand O鈥橦are鈥檚 facilities will create 25% more gate capacity, introduce new security and technology, and involve a series of infrastructure improvements.

O鈥橦are 21 includes long-term redevelopment and expansion of the Airport鈥檚 terminal core. O鈥橦are鈥檚 first major terminal improvements in more than 25 years will begin with construction next year. By 2026, the Terminal Area Plan (TAP) will redevelop O鈥橦are鈥檚 existing terminals, with expanded gates and facilities at Terminal 5, the redevelopment of Terminal 2 into a new fully integrated O鈥橦are Global Terminal to serve international and domestic passengers. There will also be renovations and expanded concourses to Terminals 1 and 3.

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