Under the American Rescue Plan Act (ARPA) of 2021, the Federal Aviation Administration (FAA) has this week announced that it will award $8 billion in grants to keep U.S. airport workers employed, construction projects going and help U.S. airports recover from the impacts of the COVID-19 pandemic. ARPA was signed into law on March 11, 2021 as part of a commitment to improve the transportation system throughout our country. The funds will provide economic relief to eligible commercial service, reliever, and general aviation airports, and provide reimbursement for operational expenses, debt service payments, and costs related to combating the spread of pathogens at the airport. The funds will also go towards rent relief to in-terminal retail and concession companies and requires that airports continue to employ at least 90 percent of their pre-pandemic employees for those airports that cover a majority of the traveling public. Grant allocations can be viewed here. The FAA's Briefing on ARPA can be viewed here.
29 June 2021 |