Newark Liberty's AirTrain modernization cost rises to nearly $3.5 billion

The cost to modernize Newark Liberty International Airport's AirTrain has risen to nearly $3.5 billion, a 75% increase from the original budget. This surge is largely due to COVID-19 impacts, including higher labor and material costs. The Port Authority approved the revised budget, which includes new contracts for construction and engineering services. Construction is now set to begin in 2025, with the AirTrain expected to be operational by 2030. To manage the increased costs, the Port Authority will reallocate funds from other projects, including the PATH rail extension. This situation reflects broader trends of rising expenses in large infrastructure projects post-pandemic.