USA Today: Airports benefitting from economic stimulus
From USA Today:
Akron-Canton Airport, one of the fastest-growing airports in the country, wants to redesign its entrance road to ease traffic and add a curbside lane for taxis and other shuttles. The Ohio airport has conducted design and other preliminary work for the $7.5 million project, which includes replacing aging sewer and storm-water lines. "We can begin this project this season if it's funded," says Kristie VanAuken, the airport's senior vice president for marketing. "We're ready to go." The airport may get its wish. President Obama last week signed the $787 billion economic stimulus program that will inject about $1.1 billion into Airport Improvement Program, or AIP, grants that the Federal Aviation Administration doles out to airports each year for such upgrades. "It's an additional billion dollars. That's tens of thousands of jobs," says Todd Hauptli of the American Association of Airport Executives of the infusion of airport construction dollars. "We believe airports could have spent even more money than Congress made available, but it's a significant increase in infrastructure investment."
Freight tonnage is estimated to increase 88% through 2035.