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Published on : Wednesday, August 9, 2017
U.S. Department of Transportation Secretary Elaine L. Chao announced the Federal Aviation Administration (FAA) will award $167.6 million in airport infrastructure grants to 64 airports in 30 states across the United States as part of the FAA’s Airport Improvement Program (AIP).
“The Airport Improvement Program helps to maintain our aviation infrastructure and supports safety, capacity, security and environmental improvements,” said Secretary Chao. “This is an important investment in these airports and the economic vitality of their respective communities.”
The airport grant program funds various types of airport infrastructure projects, including runways, taxiways, and airport signage, lighting, and markings, all of which help to create thousands of jobs.
To date this year, the U.S. Department of Transportation has announced more than 1,300 new grants to nearly 1,200 airports for a total of $2 billion. These grants will provide funds for 546 runway projects and 459 taxiway projects that are important to the safety and efficiency of the nation’s system of airports.
Airports are entitled to a certain amount of AIP funding each year, based on passenger volume. If their capital project needs exceed their available entitlement funds, then the FAA can supplement their entitlements with discretionary funding.