Courtesy Metropolitan Washington Airports Authority The multi-year authorization bill provides $13.4 billion over four years for airport grants. Its expected to prompt airports to move on delayed projects. After being stuck on Capitol Hill for more than four years, a long-term aviation bill at last has been cleared for takeoff. The measure authorizes a total of $63.6 billion over four years for Federal Aviation Administration programs. That figure includes $13.4 billion for the agency's Airport Improvement Program. AIP helps to finance runway, taxiway, apron and other infrastructure projects.Final congressional approval came on Feb. 6, when the Senate passed the bill
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.