- U.S. Transportation Department granted $968.6 million to 85 airport projects to fire up the country's aging aviation infrastructure, Reuters reports.
- Some projects will fund new terminals, boost gate capacity, add air traffic control towers, jet bridges, new bathrooms, baggage claim belts, and reconfigure security checkpoints.
- Congress approved the five-year $5 billion airport terminal grant program in November as part of the $1 trillion infrastructure law.
- U.S. Transportation Secretary Pete Buttigieg acknowledged that not one of its airports ranked among the Top 25 reflects the inadequacy of the existing system and funding levels.
- The government earmarked $50 million for Los Angeles International to reconstruct its terminal roadway system and reconfigure a central entrance.
- It allotted $62 million for Boston to renovate the existing 1974 Terminal E facilities and replace arrival roadways.
- The government doled out $50 million for Orlando to build four new gates and $40 million for Atlanta to widen, update and modernize the 40-year-old Concourse D.
- It committed $49.6 million to Detroit Metropolitan Airport to fund new restrooms and baggage claim belts and replace some passenger boarding bridges.
- The government had declared plans to invest $1.19 billion in airport safety and infrastructure grants.
- The grant included $ 731 million in Airport Improvement Program (AIP) and $ 455 million in supplemental discretionary grants.
- Photo via Wikimedia Commons
Loading...
Loading...
AALAmerican Airlines Group Inc
$13.557.80%
Edge Rankings
Momentum
47.35
Growth
51.07
Quality
N/A
Value
45.47
Price Trend
Short
Medium
Long
ALKAlaska Air Group Inc
$59.999.23%
DALDelta Air Lines Inc
$61.856.93%
GBTGGlobal Business Travel Group Inc
$8.263.51%
HGVHilton Grand Vacations Inc
$46.607.40%
JBLUJetBlue Airways Corp
$5.385.92%
MMYTMakeMyTrip Ltd
$103.212.33%
TNLTravel+Leisure Co
$62.495.45%
TRVGtrivago NV
$3.7016.7%
UALUnited Airlines Holdings Inc
$103.166.15%
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: