Law360 | January.30.2012
This article, about how the financing of LaGuardia International Airport updates could signal the start of public private partnership deals, quotes New York global energy and infrastructure partner Young Lee.
The project itself sets a high bar. A new 1.3-million-square-foot terminal is to be built piece by piece around the existing one, which will stay operational during the work. And any bidders must have worked on a public transit project of at least $250 million and made an equity investment of at least $100 million, according to the RFI.
That's a small group, says Young Lee. "Anything over $1 billion narrows down the field pretty quickly," she said.