Date: Dec 09, 2004
Press Release Number: 154-2004
The Port Authority Board of Commissioners today approved nearly $280 million to modernize Terminal B and related facilities at Newark Liberty International Airport. This program will enable the airport to accommodate a projected increase in air passengers within the next 15 years.
Long-range forecasts indicate that air traffic will continue to grow at the airport and reach 45 million annual air passengers by 2021. The airport currently serves approximately 32 million annual passengers.
Improvements will be made to provide for additional ticketing areas, expansion of the existing ticketing areas, passenger screening points and the construction of a new domestic baggage claim area, which will allow greater efficiency for the screening process and baggage handling. The Port Authority expects to begin the planning and design in 2005.
Acting New Jersey Governor Richard J. Codey said, “Newark Liberty International Airport is one of New Jersey’s most important transportation facilities, generating 110,000 jobs – including more than $11.3 billion a year in economic activity. This project is a significant step as this regional gateway prepares to accommodate additional passengers in the coming years. As the airport grows, our state’s economy attracts new businesses and travelers to New Jersey.”
Port Authority Chairman Anthony R. Coscia said, “The region’s economy relies heavily upon our ability to keep commerce and people moving quickly and efficiently. Among the many things we have delivered to our customers are two new parking garages, AirTrain Newark, three enhanced and expanded terminals, new cargo facilities, roadway improvements that create better access for vehicles, and runway improvements that increase efficiency for aircraft. Thoughtful planning today will lead to great improvements tomorrow at Newark Liberty International Airport, enabling us to be prepared to meet projected passenger growth in the future.”
Port Authority Executive Director Kenneth J. Ringler Jr. said, “This project will complement the $3.8 billion we have already invested in our airport redevelopment program to enhance and improve operations and services at Newark Liberty International Airport. Over the last 10 years, the Port Authority has invested approximately $15 billion at all of our airports in an effort to bring our customers the best in world-class service.”
The Port Authority of New York and New Jersey operates many of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia and Teterboro airports; AirTrain JFK and AirTrain Newark; the George Washington Bridge; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH (Port Authority Trans-Hudson) rapid-transit rail system; the Port Authority- Downtown Manhattan Heliport; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan.
The Port Authority is financially self-supporting and receives no tax revenue from either state.