The Port Authority of New York and New Jersey has approved a $355m project to rehabilitate Runway 13L-31R at John F Kennedy International Airport in the US.

The fund will also be used to construct a new high-speed taxiway, part of a package of state-of-good-repair and system-enhancing projects to improve airport travel.

Instead of typical asphalt, the 10,000ft long runway is being constructed with concrete that will provide the runway with longer-term durability that will minimise future operational impacts. It is expected to lengthen runway lifespan by up to 40 years.

Spanning from east to west on the airport’s north side, the runway manages nearly half of aircraft landing at JFK.

“Runway rehabilitation is an essential part of the Port Authority’s state-of-good-repair initiatives at its airports.”

The Port Authority of New York and New Jersey chairman Kevin O’Toole said: “Runway rehabilitation is an essential part of the Port Authority’s state-of-good-repair initiatives at its airports and our continuing efforts to ensure world-class operations.

“This infrastructure investment will enhance the efficiency of aircraft movements on the ground, while the use of concrete will shorten the project’s timetable and increase the lifespan of the runway.”

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The runway work is expected to generate a total of 1,880 jobs and an additional $140.6m in wages. It will also create about $385m in economic activity over the life of the project.

Runway 13L-31R, one of the airport’s four runways, is expected to close in April next year and reopen with key project elements completed by the end of the same year.

Additionally, a new high-speed taxiway will be constructed, while taxiway realignment will help to improve the efficiency of runway operations, cut runway occupancy time per arrival by nearly six seconds on average.

According to FAA calculations, the new taxiway is estimated to save passengers about 1,000 hours per year in delays and taxiing time and thus offer a combined savings of almost $9m to airlines and passengers.