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Building Back – FAA First-Year Airport Funding $2.89B
Many of these enhancements are crucial for automakers, suppliers and millions of workers as just in time delivery practices have collided with the non-vaccinated covid resurgence and the semiconductor shortage. The money will come from the Airport Infrastructure Grant program, one of three new aviation programs created by the Infrastructure Investment and Jobs Act. The law provides $15 billion over five years. The FAA estimates the backlog of airport modernization and safety projects totals $43.6 billion. Continue reading →