The Federal Aviation Administration (FAA) is awarding $162.4 million in airport infrastructure grants for 72 airports in 31 states through the Airport Improvement Program (AIP). So far this year, the U.S. Department of Transportation has announced more than 1,350 airport grants totaling $2.1 billion affecting 1,205 airports—targeting projects for runways, taxiways, and airport signage, lighting and markings.
Airports are entitled to a certain amount of AIP funding each year based on passenger volume. If their capital project needs exceed their available entitlement funds, then the FAA can supplement their entitlements with discretionary funding.
