NEW YORK (CBSNewYork) — A $2 billion plan to build a rail link connecting New York City with LaGuardia Airport has received initial approval from federal regulators.

The Federal Aviation Administration released its report Friday.

READ MORE: Sources: Suspect In Shooting Of NYPD Officers Had Multiple Weapons, Including AR-15 With 20 Rounds Hidden Under Mattress

The plan by the Port Authority of New York and New Jersey would build an elevated track in Queens to connect the airport with a subway and train stop at Citi Field.

RELATED STORY: $2 Billion LaGuardia AirTrain Project Plans Cause Controversy Amid COVID-19 Crisis

READ MORE: Rangers Stay Red Hot, Take Down Kings In Shootout

Pending final environmental approvals, construction could begin as soon as next summer and is expected to be completed by late 2025.

Port Authority officials say LaGuardia is one of the only major airports in the country without a rail link.

MORE NEWS: Knicks' Late Rally Falls Short In Road Loss To Cavaliers

You can get the latest news, sports and weather on our brand new CBS New York app. Download here.