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House Passes Bill to Encourage Incentive Payments to Speed Airport Projects

October 6, 2020

Via: ENR

The House has approved a bill that aims to encourage airport incentive payments to contractors to expedite runway upgrades and other infrastructure. Under the legislation, which the House passed on Oct. 1, incentive payments of up to $1 million would become an eligible use of federal Airport Improvement Program (AIP) grant funds.

The measure, however, does not authorize increased AIP funding, which totaled $3.35 billion in fiscal year 2020. Under the proposed legislation, it would be up to individual airport authorities to use the incentives.

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