03/13/2017

Report: $100 Billion in Airport Infrastructure Needed

Trade group believes gap should be covered by increase in passenger fees

In a new report, Airports Council International-North America says federal funding only covers about half of the estimated annual costs of infrastructure spending. The trade group is recommending covering this gap by increasing passenger fees—a suggestion with which that not everyone is on board.

The airport industry wants to see some fresh investment in the infrastructure that gets travelers from one city to another.

However, the investment that Airports Council International-North America is recommending, according to a new report, isn’t cheap—the group wants to see $99.9 billion in capital projects over the next five years, a 32 percent increase from the prior ACI-NA estimate. The trade group says it needs federal help to cover much of that total.

Please click here to read the complete article from Associations Now.