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Newark Airport's New $2.7 Billion Terminal Will Ease Passenger Woes
Jeffrey Preis
Contributor
Feb. 27, 2018
•
2 min read
Newark Airport's New $2.7 Billion Terminal Will Ease Passenger Woes
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Newark Liberty International Airport, (EWR), one of the busiest international airports in the country, is currently renovating its oldest terminal, Terminal A, and turning it into a one-million-square-foot, state-of-the-art passenger terminal. The project, which is calling the updated terminal 'Terminal One,' broke ground in June 2017, and hopes to have a partial opening by 2021. Officials expect Terminal One to be fully operational by 2022.
The new development will cost $2.7 billion, and officials hope that the new construction will reduce passenger congestion. Terminal One will not only update the technology at the 45-year-old airport, but it also includes the addition of 33 gates, a new 3,000-car parking garage, new roadways, a pedestrian bridge and new dining and retail spaces.
Last week, additional funding of $1.41 billion was approved by Commissioners for the Port Authority of New York and New Jersey — both operate the airport in conjunction. Port Authority officials also chose the crews that will design and construct Terminal One: Tutor Perini Corporation and Parsons Transportation Group Inc.
Last year, Newark Airport hosted more than 40 million travelers. In 2016, 10.6 million passengers traveled through Terminal A alone. Port Authority Chairman Kevin O'Toole said that Terminal A can no longer accommodate growing traveler needs, according to NJ.com.
Newark isn't the only airport getting a multi-billion dollar renovation — Chicago O'Hare is currently finalizing plans to expand the city's biggest airport in a deal that will cost more than $8 billion.
Newark's new terminal is expected to create more than 23,000 jobs, $4.6 billion in economic activity and $1.9 billion in wages in the New Jersey area.
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Best for businesses with high spending
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