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Work on the Pier 66 cruise terminal renovation project at Seattle-Tacoma International Airport in the US has moved forward with the Port of Seattle Commission approving the budget proposal for the project.

The total capital budget for 2016 is $408.4m and the five-year capital improvement programme is $2.23bn, which reflects the port’s continuing commitment to investing in the development, expansion, and renewal of port facilities that support regional economic activity.

The project covers the North Satellite and South Satellite renovations, construction of a new international arrivals facility, and the baggage system optimisation.

"This is not a status-quo budget."

Upon completion of the project, the renovated terminal will be able to improve the customer experience, reduce congestion, and add capacity to accommodate future growth.

Port CEO Ted Fick said: "This is not a status-quo budget.

"This is a growth-oriented budget so we can spur the regional economy, expand opportunities for small and disadvantaged businesses, increase family-wage jobs, help people acquire skills to move up the career ladder, and protect our environment."

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By GlobalData

The port’s 2016 budget assumes a levy amount of $72m, a reduction of $1m from 2015.

A typical King County single-family homeowner will pay $82 per year to fund the port in 2016.

The port anticipates 12.5% growth in airport passengers this year, when compared to 2014.

It recorded 898,032 passengers sailing via Seattle, a 9% rise in cruise passengers this year over the previous year.

The airport is believed to be listed again among the country’s fastest-growing top 20 airports.