United States airports need more than £97bn in infrastructure upgrades by 2023, the country’s aviation trade body has revealed.
Its report Terminally challenged: Addressing the infrastructure funding shortfall of America’s airports, the Airports Council International – North America (ACI-NA), revealed that US airport infrastructure needs a total of £97.7bn ($128.1bn) in funding in the next five years, equal to £19.5bn ($25.6bn) per year.
The report claims that the increased funding is needed for work to accommodate increasing passenger and cargo traffic, rehabilitate existing facilities and support aircraft innovation. Facilities that it claims must be built include terminals, gates, baggage systems, security checkpoints, roadways, and runways.
In addition, the report states: “It is a common misconception that airports are funded with taxpayer dollars or a general tax on all citizens. In reality, infrastructure projects at US airports are funded primarily with federal grants through the Federal Aviation Authority’s [FAA] Airport Improvement Programme (AIP), a local user-fee called the Passenger Facility Charge (PFC), and airport-generated revenue from tenant rents and fees.”
The FAA is the US government civil aviation regulatory body.
The report also suggest a levy of £3.43 ($4.50) on commercial passengers to raise capital for the work.
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