The federal government is making its first major foray into funding airport terminal improvement projects, announcing nearly $1 billion in grants awarded to 85 airports across the nation.
One of three aviation funding initiatives created by the Infrastructure Investment and Jobs Act (IIJA), the FAA-administered five-year, $5 billion Airport Terminal Program is designed to support new construction and modernization projects with elements to expand capacity, increase energy efficiency, promote competition and enhance accessibility for individuals with disabilities.