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North American airports need USD80.1bn in capital

25-Feb-2011 1:11 PM

Airports Council InternationalNorth America (ACI-NA), in its ACI-NA 2011 Capital Needs Survey, stated (23-Feb-2011) airports, including commercial and general aviation airports, have USD80.1 billion in total projects that are considered essential by the airport and airport users. [more]

ACI-NA:The 2011 capital needs survey shows that airports must continue to improve airport infrastructure to ensure the safety and security of the traveling public. These projects, financed by the self-funded, job-creating Airport Improvement Program (AIP), as well as Passenger Facility Charge (PFC) user fees, allow communities to use local resources to fund local projects, generating local jobs.” “These projects also help reduce passenger delays and facilitate price and service competition for passengers across the United States,” Greg Principato, President. Source: Company Statement, 23-Feb-2011.