Philadelphia airports will receive millions in federal aid in fiscal year 2022 from the Infrastructure and Jobs Act signed into law last Wednesday, writes Laura Smythe for Philadelphia Business Journal.
The City of Philadelphia Division of Aviation will receive two allocations of aid–$30.72 million for Philadelphia International Airport and $763,000 for Northeast Philadelphia Airport.
PHL will support its cargo expansion program with the money. It’s already invested $90 million into the project.
The air cargo expansion will increase airport space by 136 acres, doubling its cargo building space from 600,000 square feet to 1.4 million square feet.
PHL officials say expansion could create an annual economic impact to the region of $870 million and create up to 6,000 permanent jobs as well as 5,000 annual construction jobs for the duration of the project.
The federal funds “will spur a once-in-a-generation investment into these important regional assets,” said Chellie Cameron, CEO at PHL and the city’s Division of Aviation.
The Infrastructure Investment and Jobs Act also set aside $5 billion for a competitive terminal modernization grant program.
PHL may apply for the funds to use toward its restroom modernization initiative.
Read more at Philadelphia Business Journal about federal infrastructure money going to Philadelphia airports.