US airports say they need almost USD100 billion for capital projects during the next five years and can only fund about half of that on their own, according to a study from ACI-NA.
Airport Infrastructure Needs: 2017-2021 details projects not eligible for Airport Improvement Program (AIP) grant funding. ACI-NA estimates that US airports have a collective funding requirement of USD99.9 billion over the next five years to begin these projects.
The latest figure outlined in the infrastructure report represents a 32% increase since the previous ACI-NA estimate released in 2015.
"The overall increase in airport infrastructure needs reflects the fact that a recovering economy and increasing traffic demand, coupled with airline consolidation and their strategic shift to focus on hub operations, require large and medium hub airports to invest in major infrastructure improvement projects," the study concluded.
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