Newark Airport’s AirTrain Cost Swells by 70% to $3.5 Billion

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.

The higher budget will cover rising inflation and construction delays from the pandemic, according to an agency statement. Larger risk premiums for large infrastructure projects and supply chain strains have ...