Airport construction grants will flow through July 3 under a Federal Aviation Administration extension enacted on April 30. It is the 13th stopgap since September 2007, when the last multiyear FAA bill lapsed. The House and Senate have passed new, differing long-term bills. One difference concerns passenger facility charges (PFCs): The House hikes the PFC cap to $7 from $4.50. The Senate keeps the $4.50 cap, except at six airports, which would have no limit.
Despite a faltering international market, 2015 and the beginning of 2016 are proving to be strong years for U.S. contractors, with steady domestic growth and only moderate strain from workforce shortages.