25 Feb Airo Security Announces: Bill would incentivize timely airport project construction
Legislation recently introduced in the U.S. House would ensure Airport Improvement Program (AIP) funds can be used to incentivize the early completion of critical runway and airport projects.
The program provides funds to public agencies and other entities for the planning, development, and execution of infrastructure projects at public-use airports. Projects can include taxiways and runways.
The Expedited Delivery of Airport Infrastructure Act of 2020 would allow airports to use up to $1 million as an eligible cost under AIP to incentivize a contractor to complete the project early. Funds could be used at the discretion of the airport operator.
Early completion of projects can result in cost savings, and incentives for early completion are common in surface transportation projects.
Current law does not allow airports to use AIP funds to incentivize early completion of projects.
The bill was introduced by Reps. Sam Graves (R-MO), Committee on Transportation and Infrastructure ranking member, and Garret Graves (R-LA), Subcommittee on Aviation ranking member.
“This bill optimizes local airports’ ability to leverage the AIP so they can get facility improvements up and running for air travelers faster and smoother, helping close the credibility gap created when projects aren’t delivered for the public on time,” Graves said.