Business that brings $1.6 trillion: Nearly one billion dollars for 354 airports in U.S.
Topics: U.S. AIRPORT TRILLION
This is the fifth allotment of the total $3.18 billion in Federal Aviation Administration (FAA) Airport Improvement Program (AIP) funding for airports across the United States.
Selected projects include runway reconstruction and rehabilitation, construction of firefighting facilities, noise mitigation, emissions reduction, and the maintenance of taxiways, aprons, and terminals
The construction and equipment supported by this funding increase the airports’ safety, emergency response capabilities, and capacity, and could support further economic growth and development within each airport’s region.
Airport infrastructure in the United States, with 3,332 airports and 5,000 paved runways, supports our economic competitiveness and improves quality of life.
According to the FAA’s most recent economic analysis, U.S. civil aviation accounts for $1.6 trillion in total economic activity and supports nearly 11 million jobs. ■