US airports say they need US$100b over 5 years
US airports estimate they need almost US$100b for capital projects during the next 5 years and can only fund about half of that on their own, according to a study by a group representing commercial airport owners. Airports are coping with a number of changes that have stretched existing facilities, including higher passenger and cargo activity, aging infrastructure, and consolidation in the airline industry that has increased the demand for hubs, the Airports Council International-North America said in a bi-annual study released Tuesday. The cost projections for 2017 through 2021 are 32% higher than the group’s 5-year estimate in 2015. The group’s report comes as president Donald Trump seeks to invest $1t in US infrastructure. Trump has called for a “national rebuilding’’ of roads, bridges, tunnels and airports. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-03-08/general/us-airports-say-they-need-us-100b-over-5-years
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US airports say they need US$100b over 5 years
US airports estimate they need almost US$100b for capital projects during the next 5 years and can only fund about half of that on their own, according to a study by a group representing commercial airport owners. Airports are coping with a number of changes that have stretched existing facilities, including higher passenger and cargo activity, aging infrastructure, and consolidation in the airline industry that has increased the demand for hubs, the Airports Council International-North America said in a bi-annual study released Tuesday. The cost projections for 2017 through 2021 are 32% higher than the group’s 5-year estimate in 2015. The group’s report comes as president Donald Trump seeks to invest $1t in US infrastructure. Trump has called for a “national rebuilding’’ of roads, bridges, tunnels and airports. <br/>
