Virus relief grants to US airports announced by govt

A pool of US$10b in federal grants to US airports ordered by Congress in a $2t aid package are ready for delivery, the govt said Tuesday. The FAA provided a list of the hundreds of grants, and Transportation secretary Elaine Chao said the money is being sent as soon as possible to help the industry that has seen a reduction of more than 95% of airline passengers. “This $10b in emergency resources will help fund the continued operations of our nation’s airports during this crisis and save workers’ jobs,” Chao said. The money can be used for payroll, utilities, debt payments and capital expenditures. The normal process that requires airports to spend a portion of their own money on projects funded under such grants is being waived so that the funds can go directly to helping airports, the DoT said. <br/>