Transactions - JUNE 1, 2017

U.S. announces $527m in infrastructure grants to airports

by Released

U.S. Department of Transportation Secretary Elaine Chao has announced the Federal Aviation Administration will award $527.8 million in airport infrastructure grants to 584 airports across the United States as part of the FAA’s Airport Improvement Program.

The airport grant program funds various types of airport infrastructure projects, including runways, taxiways, airport signage, lighting and marking, which helps create thousands of jobs.

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. At this time, the FAA is providing discretionary funding to 38 airports based on their high-priority project needs.

Those receiving discretionary grants are Ainsworth Regional Airport in Ainsworth, NE; Asheville Regional Airport in Asheville, N.C.; Bay Minette Municipal Airport in Bay Minette, Ala.; Boise Air Terminal/Gowen Field in Boise; Bozeman Yellowstone International in Bozeman, Md.; Brookings Regional Airport in Brookings, S.C.; Chicago O’Hare International in Chicago; Chippewa Valley Regional Airport in Eau Claire, Wis.; Columbia Metropolitan Airport in Columbia, S.C.; Dallas Love Field in Dallas; Dane County Regional-Truax Field in Madison, Wis.; Denver International in Denver; Devils Lake Regional in Devils Lake, N.D.; Fairfield County in Winnsboro, S.C.; Flagstaff Pulliam Airport in Flagstaff, Ariz.; Fort Lauderdale/Hollywood International Airport in Fort Lauderdale, Fla.; Gary/Chicago International in Gary, Ill.; Gulfport-Biloxi International Airport in Gulfport, Miss.; Haines Airport in Haines, Ark.; Huntsville International-Carl T. Jones Field in Huntsville, Ala.; Indianapolis International in Indianapolis; Key West International in Key West, Fla.; Metropolitan Oakland International in Oakland, Calif.; Michigan State Block Grants program, in Lansing, Mich.; Millard Airport in Omaha, New England; Mobile Regional Airport in Mobile, Ala.; Ocala International-Jim Taylor Field in Ocala, Fla.; Ohio State University in Columbus, Ohio; Palmer Municipal in Palmer, Ark.; Pellston Regional Airport of Emmet in Pellston, Mich.; Pryor Field Regional Airport in Decatur, Ala.; Pullman/Moscow Regional Airport in Pullman/Moscow, Wash.; Reno/Stead Airport in Reno, Nev.; Salt Lake City International in Salt Lake City; Theodore Francis Green State in Providence, R.I.; Weedon Field in Eufaula, Ala.; and Westfield-Barnes Regional Airport in Westfield-Springfield, Mass.

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