Surety Bonds

NYC AirTrain: $2.1 Billion



The Federal Aviation Administration has approved plans for an AirTrain that will connect La Guardia Airport to existing public transportation options. Although not everyone is happy with the plans, the project is close to lift-off, with completion slated for 2025.

Bidding’s Begun

According to The New York Times, the Port Authority has issued a request for proposals. Bidders will design, build and maintain the La Guardia AirTrain. It is anticipated that the winning bidder will be chosen by mid-2022. Seen as an important aspect of efforts to turn La Guardia into a modern travel-hub, the construction of the AirTrain is also viewed by some leaders as an economic recovery booster. Port Authority leadership indicates the project will “help drive the region’s economic recovery” by creating 3,000 union construction jobs and more than $500 million in contract opportunities for businesses owned by women and minorities and businesses based in Queens. As reported by The New York Times:

 The Queens Chamber of Commerce applauded the decision, saying the project would be a boon to the community and the entire region. “This investment in La Guardia Airport will catalyze economic activity that supports local businesses and local communities and comes at a time when many small businesses in Queens are struggling to survive after a difficult year….”

Aiming to win some bids? Beat the competition. Let Colonial Surety power you up to win, with our speedy, easy—and confidential—process for obtaining, managing and monitoring needed bid, performance and payment bonds. Contractors who complete a brief and basic qualifying app for Colonial’s surety line of credit even receive, for free, Dun & Bradstreet scores. Pre-qualify and Receive Free Scores Here! Then, once approved for The Partnership Account®  with Colonial, you’ll:


  • Use your private Owner’s Dashboard® for a personal window into your underwriting profile. Review the statistical analysis of your financial statements and free Dun and Bradstreet scores, profitability, and more.


  • Access a powerful online surety management system to issue bid bonds, order performance, and payment bonds, update work in progress, check your current and aggregate limits, view open and closed bid and performance bonds, and more.


  • Clearly see your bonding limits, and always have direct access to our underwriter if you need the excess capacity to bid on a job.


  • Protect the confidentiality of your bids—after all, no one’s in the middle when you do it yourself, right?


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Rising Expectations?

 Phew! Things are getting busy—and not just at La Guardia. The long-anticipated new tracks under the Hudson River are slated to get going. Construction is hopping in the in the suburbs too. How about Newark, New Jersey? A new airtrain is getting built there too—along with many other important renovations around the city. Just down the pike, Philadelphia’s getting in the swimand headed west Chicago’s on the move too. Looks like it’s time to get YOU moving with The Partnership Account®  from Colonial Surety Company. Then, you can dive into lots more new projects with speed and confidence — knowing your bidding and financial information is secure.


 Get Moving with The Partnership Account®

Colonial is built on reliability, affordability and dependability. Founded in 1930, we have proven long-term financial stability; we’re licensed in every single state in the U.S.; we are listed by the U.S. Treasury as an approved surety; and we’re rated “A” Excellent by A.M. Best – an accolade of which we are extremely proud. Let’s Partner!