The Iowa Department of Transportation in the US has announced $100m in funding for commercial airports in the state.
Funds allocated by the state transport agency will be used for developing terminal buildings, parking structures, and hangar infrastructure at commercial service airports.
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Majority of the funding will be offered to Des Moines International Airport for the construction of parking and terminal infrastructure.
The airport will receive a grant of more than $58m, which will be used for the construction of a five-story parking garage.
This money will also go towards supporting the completion of 30% design phase for the new phased Airport Terminal Project.
Eastern Iowa Airport (Cedar Rapids) will be awarded a grant of $28m for concluding Phase IV or the final phase of Terminal Modernisation project, which commenced in 2014.
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By GlobalDataOther airports allocated the funding include Sioux Gateway Airport, Dubuque Regional Airport, Waterloo Regional Airport, Mason City Municipal Airport, Fort Dodge Regional Airport and Southeast Iowa Regional Airport (Burlington).
In March this year, Iowa Governor Kim Reynolds, unveiled plans to upgrade Iowa’s aviation system through the $100m Iowa Commercial Aviation Infrastructure Fund (ICAIF).
In a statement, IDOT said: “The ICAIF programme is made possible with allocations through Federal American Rescue Plan State and Local Fiscal Recovery Funds. “Once grant awards are executed, airports will have until 15 December 2023, to obligate funds, and until 30 June 2026, to claim reimbursement of eligible expenses under the agreement.”
