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 3 runways – a 2 mile airstrip that runs north to south will be given a new asphalt base and a new surface.
The work on the runway (4R-22L) also includes improvements to 2 of its high-speed taxiways to reduce the waiting time for aircraft movements between the runway and takeoff or arrival gates.
Continental Airlines will also 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.
This airport project is part of a $200m investment, which includes projects at John F Kennedy International, Stewart 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.
Terminal B will undergo a $347m modernisation project that will expand the two-level facility to three levels.