The long-awaited project to replace Newark Liberty International Airport’s train system has gotten even more expensive than its original $2 billion price tag.
The AirTrain EWR project, which is designed to replace the existing system that shuttles about 30,000 passengers every day at the airport, is facing “significant increases over the original $2.05 billion estimate,” according to preliminary bond documents provided by the Port Authority of New York and New Jersey ahead of a $1.1 billion debt sale.
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