Massport to spend $1bn in capital projects by 2017

24 February 2013 (Last Updated February 24th, 2013 18:30)

The Massachusetts Port Authority (Massport) has approved a five-year plan to invest $1bn on 341 projects between 2013 and 2017 as part of a comprehensive financial plan of capital improvements.

Logan Airport

The Massachusetts Port Authority (Massport) has approved a five-year plan to invest $1bn on 341 projects between 2013 and 2017 as part of a comprehensive financial plan of capital improvements.

Under the project, $310m will be invested in building a rental car centre at Boston Logan International Airport to improve customer service, facilitate airport roadway and terminal curbside congestion and replace rental car diesel buses with alternative fuel buses.

Massport CEO, executive director, Thomas Glynn said: "Each project in the plan is evaluated for its ability to improve safety and security, operational efficiencies, customer service, enhanced HOV service, as well as make sure facilities are in a state of good repair, and that we maintain our commitment to our neighbours.''

The project also includes other aviation enhancements such as the completion of an expanded, decked safety area for runway 33L and the installation of an engineered material arresting system, which would prevent an aircraft from overshooting on the runway.

The plan also includes installation of a $137m checked-baggage inspection system, 90% of which will be funded by the US Transportation Security Administration (TSA).

"Each project in the plan is evaluated for its ability to improve safety and security, operational efficiencies, customer service, enhanced HOV service, as well as make sure facilities are in a state of good repair, and that we maintain our commitment to our neighbours."

Logan Airport's Terminal B will also be renovated with an investment of $124m, while $45m will be spent for other terminal improvements.

Around $32m has been allocated for Worcester Regional Airport safety enhancements, including instrument landing systems and taxiway enhancements.

Additionally, $6.5m will be allocated for the Logan Airport Greenway and $34m for the construction of a dedicated freight corridor to transfer trucks serving Conley Container Terminal outside the South Boston residential neighbourhood.

The capex plan will be generated through $391m in Massport funding, $193m in customer facility charges, $161m in the US Federal Aviation Administration (FAA) and TSA grants, $130m in passenger facility charges and $238m in revenue bonds.

"The capital program is our planning guide for the next five years so Massport can meet the transportation needs of businesses and the travelling public,'' Glynn said.

Massport's capital programme includes more than 100 projects such as development of the west concourse of Terminal E, harbor deepening and Cruiseport Boston expansion.

In the last ten years, Boston Logan has invested about $4.5bn on a modernisation programme including new terminals, parking facilities, roadways and airport concessions.


Image: The project also includes the installation of an engineered material arresting system at Boston Logan International Airport to allow safely stopping an aircraft that overshoots the runway.