The Port Authority of New York and New Jersey signed a long-term ground lease agreement with Aeroterm for the development of a US$145 million, 350,000 sq ft cargo facility on more than 26 acres.
The facility will be operated by Worldwide Flight Services (WFS) once completed.
The Aeroterm project will demolish two obsolete facilities at JFK and build an expanded facility that will incorporate 'advanced technology systems designed for maximum efficiency in the handling and storage of cargo, as well as a dedicated temperature-controlled area for handling pharmaceutical products'.
This includes greater ramp capacity to handle three large freighters and more than 50 dock doors.
Demolition of the existing facilities is scheduled to begin in September 2021, with project completion expected by the end of 2023.
'In a business that is all about efficiency, a facility of this magnitude and location will see WFS use its know-how as the world's leading cargo handler to bring the best services to all industries that depend on air freight,' said WFS executive vice president Mike Simpson, reports London's Air Cargo News.
'This cargo modernisation programme is a critical step forward in the overall redevelopment of JFK airport, at a time air cargo is vital to our regional economic vitality,' said Port Authority chairman Kevin O'Toole. 'We look forward to working with Aeroterm to raise our cargo capabilities to state-of-the-art standards.'