The joint announcement Tuesday says the extension will run through June of 2015.

Projects to be done under the terms of the lease include a 1,500-foot extension that will increase the length of one runway to 12,000 feet, allowing it to handle long-haul aircraft flying anywhere in the world. Improvements to the Terminal B and C ticketing area will include a new, automated baggage-handling and screening system and a more spacious security screening checkpoint.

Other improvements include replacement of surface rental car lots with a multistory facility and initial design of a people-mover system between concourses.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)