$35M For LAX, Burbank, Van Nuys, Lancaster Airport Improvements, updated 7/17/2018

$35M For LAX, Burbank, Van Nuys, Lancaster Airport Improvements

The FAA OK’d the infrastructure funding, including runway and terminal updates, for these four Southland-area facilities.

LOS ANGELES, CA – LAX and three other airports in Los Angeles County were collectively granted more than $35 million for various infrastructure projects in the Federal Aviation Administration’s latest round of awards announced Monday.

Overall, more than $659.8 million was awarded for 664 airport infrastructure projects nationwide. Grants will fund runway, taxiway and terminal rehabilitations, as well as purchase of aircraft rescue, firefighting and snow removal vehicles.

Los Angeles International Airport is set to receive $11 million for construction of an apron and taxiway; Hollywood Burbank Airport was awarded $5.2 million to rehabilitate an apron and taxiway; Van Nuys Airport will receive $9.15 million to reconstruct two taxiways; and Lancaster Airport will get $10.5 million to reconstruct a runway.

“Our airports are essential in supporting $1.6 trillion in total economic activity and nearly 11 million jobs; these federal grants will help our airports to maintain safety and improve efficiency for freight and passengers,” Transportation Secretary Elaine Chao said.

The grants are part of the $3.18 billion Airport Improvement Program, intended to improve airport safety and efficiency.

Airports receive entitlement funding each year based on activity levels and project needs. Funding comes from taxes on public airplane tickets and aviation fuel taxes.

Source: California News Wire Services, News Partner

Copyright ©2019 ACEQ INVESTMENT GROUP, All Rights Reserved

Need help? Email Us Here! Chat With Us Now!

← Prev Step

Thanks for contacting us. We'll get back to you as soon as we can.

Please provide a valid name, email, and question.

Powered by LivelyChat
Powered by LivelyChat Delete History

Log in with your credentials

Forgot your details?