FAA awards first $3 billion in new airport infrastructure funds

[Yo_Mama_Been_Loggin]

Source: Washington Post

The Federal Aviation Administration announced Thursday how it will allocate the first $3 billion in new funds for airports from the infrastructure law, money that could spur upgrades in terminals and on the tarmac to help get passengers to planes more quickly and into the air on time.

It’s the first major new tranche of federal airport funding since the stimulus adopted after the financial crisis more than a decade ago. It also represents a new level of investment by the federal government in terminals — at an average of 40 years old — which could help airports update aging facilities by plugging gaps in existing funding sources.

“The Bipartisan Infrastructure Law has given us a once-in-a-generation opportunity to build safer and more sustainable airports that connect individuals to jobs and communities to the world,” Transportation Secretary Pete Buttigieg said. “With this new funding, urban, regional and rural airports across the country now can get to work on projects that have waited for years, modernizing their infrastructure and building a better America.”

Like much of the transportation funding in the $1.2 trillion legislation, the federal government won’t determine how the money is spent, leaving the decisions to individual airports. The money will start flowing at a time when airports are gradually recovering from the coronavirus pandemic, which nearly brought air travel to a standstill and left them dependent on billions in federal aid. While air travel has rebounded, airports expect to miss out on revenue, compared with pre-pandemic levels, for years to come.

Read more: https://www.msn.com/en-us/news/us/faa-awards-first-dollar3-billion-in-new-airport-infrastructure-funds/ar-AARSstY

[ShazamIam]

1. Funny how the story is so contradictory, the economy is so hot inflation is rampant, the airports

expect reduced income for, "years," must be preparing for more tax supported capitalism, if passenger traffic is near normal it must be commercial traffic that is expected lag, that at the same time traffic is so darn hot it is causing wage suppression inflation.
'
We are so easily led along.

edit: re the use of contradictory, it is the last sentence of the post.

[Mary in S. Carolina]

2. Reduced income

because when the fascists take over, people are going to cash in and take their assets out of the country and move.

[ShazamIam]

3. That may be why Abbot is capturing all those immigrants, and putting them in jail, all the illegal

immigrant workers TX economy depends upon will run home and stop coming. I can't Imagine TX counties being able to cover the cost of housing the trespassers so they are probably being boarded out for some free labor or some contract arrangement.