The Federal Aviation Administration (FAA) is now accepting applications for about $1 billion in grants for airport projects during fiscal year 2022.
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The funds from the Airport Terminal Program (ATP) were included in the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) recently passed by Congress and signed into law by President Joe Biden. The IIJA makes $5 billion available under the program over a five-year period.
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Airports within the national air transportation system, whether they are owned by airport authorities, cities, territories, or tribes, are eligible. Applications are due to the FAA by March 28, 2022.
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Large hub airports will receive up to 55% of total funding. Medium-sized hub airports will get up to 15%, while small hub airports may get up to 20%. Non-hub and non-primary airports will receive up to 10%. The money must go towards the upgrade, modernization, and rebuilding of airport terminals or airport-owned air traffic control towers.
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