Cincinnati/Northern Kentucky International Airport (CVG) has announced the appointment of several construction firms for its $220 million modernization project, set to be completed by the first quarter of 2026. The entire project is expected to cost up to $575 million, with further financial details to be disclosed in early 2026. Fitch and Moody’s have rated CVG A+ stable and A1 stable, respectively.
The airport's plan includes expanding and renovating the main terminal and concourses A and B. This will involve updates to the baggage handling system, ticketing system, security checkpoints, baggage claim area, restrooms, escalators and elevators, as well as the tunnel and train.
Candace McGraw, CEO of CVG, expressed enthusiasm about the project: "It is time to modernize our facilities for our travelers and employees, and we are taking an intentional approach to boost efficiency and elevate the passenger experience. We are thrilled to have a qualified, collaborative team onboard to assist with program/construction management and design and build aspects of this complex, multi-year modernization program."