X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEWARK, NJ-The board of commissioners of the Port Authority of New York and New Jersey, operator of Newark Liberty International Airport, has approved a $280 million expansion and modernization for the transportation hub. Specifically, the money will be spent on Terminal B, one of three making up the airport. Much of the airport’s international activity goes in and out of Terminal B.

“The region’s economy relies heavily on our ability to keep commerce and people moving quickly and efficiently,” says Port Authority chairman Anthony R. Coscia. “Thoughtful planning today will lead to improvements tomorrow, enabling us to be prepared to meet projected passenger growth in the future.”

The airport currently serves approximately 32 million passengers a year and projections that the number will grow to more than 45 million by the year 2021 led authority officials to launch the project. Terminal A is also expected to get an upgrade at some point in the future. Both A and B have about half the capacity of the newer, more modern Terminal C.

The money will go for additional ticketing areas, an expansion of passenger-screening points and construction of a new domestic baggage-claim facility. A third level will be added below ground, carved out of what was once a parking level, to provide more concourse space at the facility. Port Authority officials say they expect to begin the planning and design phase of the five-year project early next year.

“This project will complement the $3.8 billion we have already invested in our airport redevelopment program to enhance and improve operations,” says Kenneth J. Ringler, Jr., executive director of the Port Authority. “Over the past 10 years, we have invested $15 billion at all of our airports, including LaGuardia and JFK.”

At Newark Liberty in particular, those improvements have included two new parking garages, an air train system, earlier terminal expansions, new cargo facilities and a realigned internal roadway system. “This project is a significant step as this regional gateway prepares to accommodate additional passengers in the coming years,” says Acting Gov. Richard J. Codey, in a statement. “As the airport grows, our state’s economy attracts new businesses and travelers to New Jersey.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.