Transportation
Newark Airport’s AirTrain Cost Swells by 70% to $3.5 Billion
- Port Authority voted to hike funding from initial $2 billion
- New price tag accounts for rising rates, construction costs
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Newark Liberty International Airport’s long-awaited train system has blown past its budget by $1.45 billion to $3.5 billion.
The Port Authority of New York and New Jersey voted Thursday to hike funding more than 70% for the new AirTrain EWR project from its original $2.05 billion price tag. The renovations will replace the existing system that shuttles over 30,000 passengers every day at the New York City-area airport.