Air, Freight News

US Airport Infrastructure Needs Near $100 Billion

[ March 14, 2017   //   ]

Airports Council International – North America (ACI-NA) reports that U.S. airports have nearly $100 billion in infrastructure needs during 2017 – 2021 to accommodate growth in passenger and cargo activity, rehabilitate existing facilities, and support aircraft innovation.
ACI-NA released a report on the topic dubbed: “Airport Infrastructure Needs: 2017-2021” on March 7. The report details the scope of airport infrastructure needs and projects, including those not eligible for Airport Improvement Program (AIP) grant funding.
“America’s airports have real and significant unmet needs that threaten their ability to serve their passengers, grow their local economies, and create good paying jobs,” said ACI-NA President and CEO Kevin M. Burke. “The longer we delay, the more America’s airports will fall behind and our infrastructure needs will become even more expensive to fix.”
ACI-NA estimates that U.S. airports have a collective funding need of $99.9 billion over the next five years, or nearly $20 billion per year, to begin these projects.
The latest $99.9 billion figure outlined in the infrastructure report represents a 32% increase in airport infrastructure needs since the last ACI-NA estimate released in 2015. Infrastructure needs at large, medium, and small hub airports that enplane 99.8% of U.S. passenger traffic have increased nearly 42% in just two years.
Sixty-three percent of the increase in infrastructure needs is attributed to passenger and cargo growth, with 30% attributable to the need to continually maintain a good state of repair for aging airport facilities. As the demand for passenger and cargo services continues to grow, so will the corresponding increase in airport infrastructure development and maintenance costs.