The project will cost $500 million and open in 2022.

A more convenient car rental experience is coming to Newark Liberty International Airport.

A $500 million project will consolidate 10 rental car companies in one location near the new Terminal One, which is under construction.

The project will be privately financed, with Conrac Solutions leasing the facility for 35 years from the Port Authority of New York and New Jersey. The debt will be repaid with a $6 rental car surcharge paid by customers.

The facility will include nearly 3,000 public parking spaces, and more than 3,000 spaces for rental cars. Construction will begin this year, and it will open in 2022 along with Terminal One.

More:United Airlines begins seasonal service from Newark Airport to Naples, Italy

More:Newark Airport passenger in April had measles, could have exposed others

Currently, Newark Airport's car rental counters are scattered across different locations.

"The Conrac facility is a perfect complement to the new Terminal One, which will serve travelers as a gateway to New Jersey and the region," said Port Authority Chairman Kevin O'Toole in a statement.