If you have ever been in a hurry at Newark Liberty International Airport, you probably already know that although only twenty-five years old, the monorail is, well, let’s just say not up to speed. Fortunately, the building of a replacement line will get underway soon. Four companies have already been short-listed for the project.
$2 Billion Project
Newark Airport’s new Airtrain system will link 2.5 miles of terminals and parking lots. Work is slated to begin in 2022 with completion by 2026. Zippity doo da!
$2 billion sounds like a nice bid to win, right? We all a juicy win on our wish lists. Why not let Colonial Surety help you? We’ve taken the pain out of obtaining, managing and monitoring the bid, performance and payment bonds that you’ll need. Get going today. Contractors who complete a brief (we promise!) pre-qualification for Colonial’s surety line of credit receive, for free, Dun & Bradstreet scores. Use them for immediate insights into your business.
Pre-qualify and Receive Free Scores Here!
Contractors who pre-qualify for Colonial’s surety line of credit upload a few more documents. Once approved for The Partnership Account®, 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.
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- Clearly see your bonding limits, and always have direct access to our underwriter if you need the excess capacity to bid on a job.
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Zipping Along at Newark International
With the travel industry buzzing back to life, everyone hopes to be moving along without delay in the years ahead. Plans for the new Airtrain system in Newark sound like a welcome call to the future. As Engineering News-Record reports:
Envisioned as a replacement for the airport’s increasingly troublesome 25-year-old monorail, the estimated $2-billion new 2.5-mile elevated guideway system will link terminals, including the 1-million-square-sq-ft flagship Terminal One, set to open next year, parking areas, the airport Rail Link station and a new consolidated rental car facility currently under construction.
The shortlisted teams for Newark’s Airtrain, according to ENR, include: Liberty AirTrain Partners; Liberty Integrated Connectors; Liberty Mobility Express; and, Tutor Perini/Parsons JV.
News of more bidding opportunities keeps on coming. Imagine, for example, an AirTrain linking LaGuardia Airport to Manhattan? It could happen, as Engineering News-Record reports:
According to Tutor-Perini CEO Ron Tutor…LaGuardia Airport’s estimated $2-billion AirTrain project linking it to Manhattan is set to bid in the fourth quarter this year, with contract award early in 2022. The project still awaits a final Record of Decision from the Federal Aviation Authority….
Wish List?
We are not all jet setters but we’ve all got a bid we wish to win, right? What’s on your list? Get ready now with Colonial Surety. Armed with The Partnership Account® , you’ll go after new projects with speed and confidence — knowing your bidding and financial information is secure.
Yes Please Qualify Me For The Partnership Account® Today!
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!