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Port Authority approves $3.5 billion contract to build replacement AirTrain guideways and stations at Newark airport
Nov 15, 2024•over 1 year ago
Contract Type
contract
NewarkTransportationDescription
The Port Authority has approved a $3.5 billion contract to build replacement AirTrain guideways and three stations at Newark airport, with an option for a fourth station. The funding to cover the additional cost will come from funds for a dormant project to extend PATH service from Newark Penn station to the airport.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months