Congressman Steve Cohen (TN-09), a senior member of the Committee on Transportation and Infrastructure and its Subcommittee on Aviation, today announced that three Shelby County airports will receive $17,880,000 in new funding from the Infrastructure Investment and Jobs Act that he voted for and that President Biden signed into law last month.
Memphis International Airport will receive $17,290,000, Millington-Memphis will receive $295,000, and General Dewitt Spain will receive $295,000.
Congressman Cohen made the following statement:
“I am pleased to see these substantial investments in our airports from the bipartisan infrastructure bill. Improvements to our airports make air travel safer and easier. This funding will strengthen these economic engines in our community and create more good-paying jobs.”
The three Shelby County airports will receive a similar tranche of funding from the historic bipartisan infrastructure law each year for the next five years, as part of a program for airport development. The funding will vary from year to year, as future allocations (FY23-26) will be based on future year enplanements. In addition to these guaranteed funds, these airports can compete with other airports across the country for grants from an additional $5 billion nationally for terminal improvements.
On November 15th, President Biden signed the Infrastructure Investment and Jobs Act, which included $15 billion in formula funding to help redevelop airports across the country. Projects that qualify for funding include improvements to runways and taxiways, terminal development and noise prevention. The law also includes an additional $5 billion nationally for FAA towers and facilities funding, which the FAA will distribute among airports in need.
Original source can be found here.
