The US faces a massive challenge to upgrade its ageing airports. But with the country’s national debt standing at a record $34 trillion, there is only so much that federal funds can do to transform the experience for domestic and international passengers.
Which is why more and more airports are looking to the private sector for finance and expertise to bring about much-needed transformation. However, many states and cities remain slow to recognise the opportunity to unlock private capital.
The FAA reauthorisation bill provides the opportunity to rethink the way the US invests in its airports, including the use of Infrastructure Incentive Grants (I3G).
Read The Well News article here and download a one page brief on I3G at the top right of this page.