View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 20, 2019

Virginia airports receive federal funding for improvement projects

The US Department of Transportation (DOT) has awarded a federal funding of $23.2m to 11 Virginia airports to execute infrastructure improvement projects.

The US Department of Transportation (DOT) has awarded federal funding of $23.2m to 11 Virginia airports to execute infrastructure improvement projects.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

Senators Mark R Warner and Tim Kaine made the announcement.

Richmond International Airport received the highest portion of funding ($8.73m), which will go towards taxiway construction.

The Manassas Regional Airport / Harry P Davis Field will receive $3.5m for the construction of taxiway and runway rehabilitation.

Norfolk International Airport will also receive approximately $3.6m to purchase land for approaches and installation of airfield guidance signs, as well as improved taxiway lights.

Shenandoah Valley Regional Airport will receive $300,000 for its taxiway and security equipment.

A total of $854,786 has been granted to Washington Dulles International Airport to support Voluntary Airport Low Emissions (VALE) infrastructure, while Leesburg Executive Airport will also be given $205,000 to build an apron.

The senators said: “We’re excited to announce that these federal dollars will benefit 11 Virginia airports.

“We look forward to seeing how these grants will help improve safety and increase efficiency at airports all across the Commonwealth.”

Funding was awarded as part of the Federal Aviation Administration (FAA) Airport Improvement Program (AIP), which is responsible for the improvement of infrastructure at airports across the nation.

In July, US DOT Transportation also awarded $478m in airport infrastructure grants to 232 airports in 43 states, including American Samoa, Northern Mariana Islands and Puerto Rico.

It was the fourth grant from the department as a part of the total $3.18bn in Federal Aviation Administration (FAA) Airport Improvement Program (AIP) funding for airports across the US.

Related Companies

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The airport industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Airport Technology