Airports face an annual $10-billion shortfall to meet their rising infrastructure needs, which total $99.9 billion over the next five years, an airport group says in a new report.
Congress is making headway on reauthorizing Federal Aviation Administration programs: The Senate approved a measure that hikes airport construction grants a solid 12% but only for one year.
There is movement in Congress on a long-term Federal Aviation Administration reauthorization and a stopgap to keep the agency’s programs going for a few more months.
Bill would hike funding for airport construction grants but freeze cap on passenger facility charges. It also would spin off FAA's air traffic control operation.
With the five-year highway-transit FAST Act in place, the main congressional infrastructure issue for early 2016 is a bill to reauthorize Federal Aviation Administration programs for the next several years.