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Airport Infrastructure Funding: New Opportunities for Airport Projects

This act expands the Transportation Infrastructure Finance and Innovation Act (TIFIA) program to include airport-related projects. This means that airport construction and modernization can now more easily secure financial support, potentially improving air travel quality and airport accessibility for citizens.
Key points
Airport projects, such as new terminal or runway construction, can now apply for federal loans and guarantees under the TIFIA program.
This change aims to facilitate the financing of large airport infrastructure investments, potentially contributing to the development of regional airports and improved connectivity.
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Additional Information
Print number: 117_S_1715
Sponsor: Sen. Duckworth, Tammy [D-IL]
Process start date: 2021-05-19