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The Port Authority of New York and New Jersey agreed to extend its deal with Kennedy International Airport Cogeneration (KIAC) Partners to operate, maintain and upgrade the cogeneration plant at JFK Airport. KIAC will invest up to $250 million in upgrades.
“KIAC will be required to invest up to $250 million in upgrading and extending the useful life of the plant.”airport-world.com
Summarized from public sources; check the original articles before acting on it.