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Funding and finance

State funding announced for modernisation improvements at NYC airports

26 February 2020 | By International Airport Review

State funding amounting to $20 million for modernisation and safety improvements at NYC airports was announced by the Governor of New York.

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Across 41 U.S. states $520 million will be invested into 287 airports

20 February 2020 | By International Airport Review

The U.S. Department of Transportation will award airport infrastructure grants to help improve the travel experience for passengers.

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New airport in Tanzania is to be funded by the African Development Bank

2 January 2020 | By International Airport Review

Msalato Airport, a new international airport, is to be built in the region of Dodoma, 12km from the capital city of Tanzania.

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Electric aviation programmes to receive $55 million from U.S. DOE

19 December 2019 | By International Airport Review

The programmes represent focused efforts on the development of more energy-efficient, electric motor and powertrain systems for commercial aircraft.

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Project FALKE counter drone system development gains funding

12 December 2019 | By International Airport Review

The German Federal Minister of Transport awards funding to develop a deployable counter UAS system in order to enhance safety at airports.

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EIB provides $50 million to rebuild Sint Maarten’s hurricane-hit airport

12 December 2019 | By Rachael Harper (International Airport Review)

EIB is to supply a $50 million loan to rebuild Princess Juliana Airport's passenger terminal after the damage caused hurricanes Irma and Maria.

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PHL to receive $1.4 million for Tinicum Island Road Relocation Project

28 November 2019 | By International Airport Review

The funding for the road relocation project will come from the Commonwealth of Pennsylvania's Multimodal Transportation Fund.

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Investing in sustainability is imperative for a successful future

28 November 2019 | By Caroline Wilkie - Australian Airports Association

New terminals and runways require long-term traffic forecasting and careful consideration of changing technologies, but they also provide the chance to explore how our workforce, our climate and our communities may change over time, highlights Caroline Wilkie, CEO of the Australian Airports Association (AAA).

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Schiphol Airport to invest €237 million into airport public transport

26 November 2019 | By International Airport Review

The investment will be utilised to increase capacity in order to accommodate the growing number of public transport passengers.

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Prague Airport to invest 27 billion CZK during first development phase

15 November 2019 | By International Airport Review

The investment will be utilised across Prague Airport, funding essential long-term developments including the extension of Terminal 2.

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DASA dedicates £2 million to defeat hostile use of drones

6 November 2019 | By International Airport Review

The funds provided by DASA will be used to develop new technologies in order to detect, disrupt and defeat any malicious use of drones.

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Welsh government to provide £21.2 million loan to Cardiff Airport

22 October 2019 | By International Airport Review

The £21 million loan will help support Cardiff Airport’s plans for the future in regard to achieving a higher passenger rate.

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Philadelphia Airport receives almost $1 million for train platform improvements

18 October 2019 | By Rachael Harper (International Airport Review)

Philadelphia Airport has received two grants to rehabilitate platforms and canopies at its four stops on SEPTA’s Airport Line.

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Smaller airports must invest in GSE if they wish to compete

18 October 2019 | By Jay Lucas - Arkle Finance

Aging GSE risks being not just a liability but a serious barrier to future growth, and so smaller airports determined not to be left behind must consider alternative investment opportunities. Jay Lucas, Aviation Specialist at Arkle Finance, provided more information.

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Toulon Hyères Airport to undergo major runway upgrade

15 October 2019 | By International Airport Review

As one of France's three combined civil and military airports, Toulon Hyères requires day-to-day coordination between the VINCI Airports teams and the naval air base.

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Funding and finance