The US Port Authority of New York and New Jersey has approved a plan to invest $42m in resurfacing the runway of Newark Liberty International Airport in New Jersey, US.
Under the plan, the airport's three runways - a two-mile airstrip that runs north to south, parallel to the New Jersey Turnpike - will be given a new asphalt base and a new surface.
The work on the runway (4R-22L) also includes improvements to two of its high-speed taxiways to reduce the waiting time for aircraft movements between the runway and takeoff or arrival gates.
In addition, Continental Airlines will spend $25m on the construction of a new maintenance hangar to accommodate its wide-body aircraft under a 25-year lease agreement with the Port Authority of New York and New Jersey, according to nj.com.
The airport project is part of a $200m investment, which includes projects at Stewart, John F Kennedy International and LaGuardia airports.
Earlier this month, the US Federal Aviation Administration (FAA) granted Newark Liberty International Airport a waiver allowing it to receive the giant Boeing 747-8 aircraft under certain conditions.
The FAA approved operations of 747-8 flights, but said the big jet must stay off certain taxiways on the north and south ends of the airport and it cannot taxi faster than 20mph.
Newark Liberty has three terminals - A, B and C - and handled approximately 33 million passengers during 2010.
Terminal B will undergo a $347m modernisation project that will expand the two-level facility to three levels.
Caption: Newark Liberty International Airport's two-mile airstrip will have a new asphalt base and a new surface. Credit: Fan Railer.