FAA Awards $371 Million to 169 Airports To Improve Infrastructure

Wednesday, July 06, 2022 at 05:04 PM ET

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The new Gulfstream maintenance base will be located at Dallas-Fort Worth International Airport (KDFW) [File photo: Shutterstock]

Key Takeaways:

The FAA has awarded $371 million to 169 airports across 40 states, marking the third disbursement from the year's $3.2 billion Airport Improvement Program (AIP) funding, bringing the total allocated to $1.53 billion.
These funds are intended for critical airfield, safety, and infrastructure projects, such as improvements to runways, taxiways, lighting, and signage, to enhance airport efficiency and support local economies.
Grants benefit a wide array of airports, from major hubs like Dallas-Fort Worth and Orlando to smaller airports via state block programs, with Alaska and Texas receiving the largest overall shares of the funding so far.

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The FAA has awarded $371 million to 169 airports across 40 states to invest in airfield, safety, and improvement projects. These awards are the third disbursement of the mega $3.2 billion in funding allocated this year to the Airport Improvement Program. So far, the FAA has awarded $1.53 billion of the overall amount, or just under half.

The Airport Improvement Program (AIP) funds infrastructure projects, including enhancements and repairs to runways, taxiways, lighting, signage, and markings at selected airports. The FAA uses passenger boarding for a full calendar year to allocate AIP entitlements. Funding for the program comes from the Airport and Airway Trust Fund, which gets revenue from airline ticket taxes and taxes on aviation fuel.