How do I get funding at the airport?
How do I get funding at the airport?
In reality, infrastructure projects at airports in the United States are funded through three key mechanisms: federal grants through the FAA’s Airport Improvement Program (AIP), the Passenger Facility Charge (PFC) local user fee, and tenant rents and fees.
What kind of federal grants are used for building airports?
The Airport Improvement Program ( AIP ) provides grants to public agencies — and, in some cases, to private owners and entities — for the planning and development of public-use airports that are included in the National Plan of Integrated Airport Systems ( NPIAS ).
What financial resources are available to airports?
Airports rely on a variety of funding sources, some public and some private, to finance their capital development. The major funding sources, listed in further detail in table 1, are federal and state grants, PFCs airport and special facility bonds, and airport-generated income.
What is airport development aid program?
The Airport Improvement Program is a United States federal grant program that provides funds to public use airports to help improve safety and efficiency. Improvement projects relate to runways, taxiways, ramps, lighting, signage, weather stations, NAVAIDs, land acquisition, and some areas of planning.
Who owns an airport?
Airports are locally owned and operated. All but one U.S. commercial airport are owned and operated by public entities, including local, regional or state authorities with the power to issue bonds to finance some of their capital needs.
How is FAA funded?
Most of the FAA’s budget is financed from the Airport & Airway Trust Fund, which receives its revenue from aviation excise taxes on airline tickets, cargo, and general aviation fuel. There is a growing surplus in the Trust Fund, yet critical aviation spending infrastructure needs go unfunded.
How are private airports funded?
Privatized airports fund their operations through charges on passengers, airlines, advertising, and returns from airport retail and parking concessions.
Are airports owned by the government?
Although U.S. airports are owned by state and local governments, they contract out numerous services to private firms, such as retail concessions. A few U.S. airports — such as Albany International — have taken a step further and contracted with private firms to manage overall airport operations.
What is AIP eligible?
Eligible projects include those improvements related to enhancing airport safety, capacity, security, and environmental concerns. In general, sponsors can get AIP funds for most airfield capital improvements or rehabilitation projects and in some specific situations, for terminals, hangars, and nonaviation development.
How does the AIP grant work for airports?
Under normal circumstances, AIP grant recipients contribute a matching percentage of the project costs. Providing this additional funding and eliminating the local share will allow critical safety and capacity projects to continue as planned regardless of airport sponsors’ current financial circumstances.
Are there Federal Aviation Administration funds for airports?
General aviation airports will receive funds based on their airport categories, such as National, Regional, Local, Basic and Unclassified. The FAA made these funds available in April.
How to get reimbursement for airport development costs?
Airport sponsors that wish to request reimbursement for development costs should now work with their local Office of Airports field office to apply for a CARES Act Airport Development Addendum to its initial CARES Act Airport Grant. The FAA will continue to update CARES Act Airport Grants — Frequently Asked Questions, as needed.
What does the CARES Act do for airports?
The CARES Act provides funds to increase the federal share to 100 percent for Airport Improvement Program (AIP) and supplemental discretionary grants already planned for fiscal year 2020. Under normal circumstances, AIP grant recipients contribute a matching percentage of the project costs.
