The US Department of Transportation is making nearly $2 billion in federal grant funding available to help airports affected by COVID-19 under the Federal Aviation Administration’s (FAA) Airport Coronavirus Response Grant Program. The program is funded under the Coronavirus Response and Relief Supplemental Appropriations Act of 2020, and is available to more than 3,000 commercial service, reliever, and publicly-owned general-aviation airports in the National Plan of Integrated Airport Systems.
US DOT Announces Nearly $2 Billion Grant Program for Airports
Key Takeaways:
- The US Department of Transportation is providing nearly $2 billion in federal grant funding to over 3,000 US airports through the FAA's Airport Coronavirus Response Grant Program.
- These funds are intended to offer financial relief for operational expenses, job retention, rent relief for airports and concessions, and specific development projects aimed at combating pathogen spread.
- Funded by the Coronavirus Response and Relief Supplemental Appropriations Act, the grants require recipients to comply with "Buy American" provisions and implement a mask mandate policy.
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