$290.6 Million in Infrastructure Grants
U.S. DOT Announces $290.6 Million in Infrastructure Grants to 105 Airports
WASHINGTON – The U.S. Department of Transportation announced the FAA is awarding $ 290.6 million in airport infrastructure grants to 105 airports. The airport grant program funds airport infrastructure projects, runways, taxiways, and airport signage, lighting, and markings. “AIP grants will allow airports to complete critical airport infrastructure projects that will help maintain the safety of the nation’s airports,” said FAA Administrator Michael P. Huerta. The grants will provide many jobs. AIP funding is allocated based on passenger volume. If their capital project needs exceed their available entitlement funds, then the FAA can supplement their entitlements with discretionary funding. The FAA is currently providing discretionary funding to 26 airports based on their high-priority project needs.