FAA announces $289m AIG boost to aviation sector

By Benedict Evans |

Since 2022, the FAA has announced over 300 projects to receive ATP grants; over 190 terminal projects are under construction, and six projects are already complete.

The US Department of Transportation’s Federal Aviation Administration (FAA) has announced a seventh round of Airport Infrastructure Grants (AIG) totaling $289 million to 129 airports across 40 states.
Some of the airports receiving new funding from the Biden-Harris Administration include: Phoenix Sky Harbor International ($66.7m); Philadelphia International ($22.2m); Hartsfield-Jackson Atlanta International ($30.1m); Hollywood Burbank ($8.2m); Bradley International ($8.8m); Northeast Wyoming Regional ($2.2m); Palm Beach International ($17.2m); Indianapolis International ($26.6m); and Knox County Regional ($1.3m).
The projects are funded under the Bipartisan Infrastructure Law’s AIG program, part of $25bn in total funding for airport improvements such as terminal expansions, baggage system upgrades, runway safety enhancements, and air traffic infrastructure improvements.
In late June under the Airport Improvement Program (AIP) grant scheme, the (FAA) announced more than $123m for airfield, safety and other improvement projects at 235 airports in 35 states and the District of Columbia.
This was preceded by an $187m boost in May under the AIG scheme, one of several rounds of investment dating back to December 2023.
The largest of these announcements came in February, when the Biden-Harris administration authorised a capital injection of $970 million, delivered through Federal Aviation Administration (FAA) awarded grants, to 114 airports, spanning 44 states and three territories under the Bipartisan Infrastructure Law Airport Terminal Program.
“Americans are flying in record numbers, and the Biden-Harris Administration continues to invest in our airports to make travel safer and more convenient for the people who pass through these airports each day,” said U.S. Transportation Secretary Pete Buttigieg, who added: “This latest round of funding will support key improvements to terminals, runways, and baggage systems and build on the work this Administration is doing to modernise our aviation infrastructure.”

The FAA has also opened the application period for airports to submit projects for the FY25 Airport Terminal Program (ATP), also funded by the Bipartisan Infrastructure Law.

The FY 2025 ATP provides approximately $1bn in funding for safe, sustainable and accessible airport terminals, airport-owned airport traffic control towers, and on-airport rail and bus projects to improve multi-modal connections.

“We’re seeing where our investments are making a real difference for communities across the nation,” said Shannetta R. Griffin, P.E, Associate Administrator for Airports, FAA, who continued: “I encourage airports to take advantage of this opportunity to build modern facilities that are accessible, safe, resilient to climate change impacts and achieve environmental sustainability.”

In February 2022, Buttigieg announced the project selections for the FY 2024 ATP totalling approximately $1bn, and the FAA has now announced much the same for FY25, with applications under the Notice of Funding Opportunity to be submitted by 5:00 pm Eastern time on 31 July, 2024.

READ MORE: Federal funds boost US airports; Summit preview

READ MORE: View from the 2024 Summit of the Americas: Michael Payne video interview

Europe

Heinemann anticipates another €1bn year at IST

Retail has boomed at Istanbul Airport (IST) and the momentum is set to continue this year, even...

Europe

MAN 'very sorry' after power spike cancels flights

Manchester Airport (MAN) Managing Director Chris Woodroofe has issued an apology to passengers...

International

Vantage rebrands as airports manager and investor looks to the future

Vantage Airport Group (Vantage) has announced a corporate rebrand to Vantage Group. The...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend