The New York Governor has announced a $250m grant to overhaul airports in the state in a bid to support regional economic development.
Of the total grant amount, $230m will be offered via the new Upstate Airport Economic Development and Revitalization Competition. This will be for projects supporting upgrades at commercial passenger service airports.
The remaining $20m will be offered from the Governor’s Aviation Capital Grant Program, which focuses on the safety, infrastructure and economic development projects at smaller airports across the state.
A further $16.5m funding has also been made available. This was formerly allocated through the Aviation Capital Grant Program in this year’s executive budget.
The new programme builds on the success of the initial Upstate Airport Economic Development and Revitalisation Competition announced in 2016 and the revamp of JFK and LaGuardia airports.
New York Governor Andrew Mark Cuomo said: “We went through a year of stagnation because of the pandemic and as we work to build this state back better than it was before now is the time to think about how we can excel on both a national and international level.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Our airports are the front doors of our state, they drive business and attract tourists from all around the world.
“New York is leading the way among all other states in rebuilding and modernising our airports and these critical investments will allow us to continue to transform our airports into the 21st-century facilities, fuelling economic growth for decades to come.”
The new scheme, which is open to 24 airports in the state, will be administered by the New York State Department of Transportation (NYSDOT).
Airports across the state can apply to fund a single project or a programme of projects.
Funding will be offered for enhancing security screening, terminal expansion or the rehabilitation and development of new boarding concourse and concession areas.
Airports planning new upgrades to move passengers efficiently with improved distancing during and after the Covid-19 pandemic can also apply for the funding.
In addition, grants will be provided to airports for deploying contactless technology, as well as cleanliness and disinfection solutions.