AAAE Applauds Efforts in Congress to Expedite Airport Construction Projects
For Immediate Release
January 15, 2009
ALEXANDRIA, Va. -- AAAE President Chip Barclay today applauded efforts in Congress to expedite the construction of critical airport safety, security, and capacity projects as part of economic stimulus legislation, noting that federal funding and policy changes affecting the tax treatment of airport bonds would greatly improve the nation's air transportation system while creating numerous high-paying construction jobs.
“Airport executives are encouraged that Congress is on track to approve economic stimulus legislation that provides billions of dollars in additional funding to airports for key security, safety, and capacity projects,” Barclay said. “Direct federal funding along with the elimination of the negative tax treatment of airport private activity bonds will ensure that construction begins quickly on hundreds of thoroughly vetted, highly beneficial airport construction projects across the country. The end result will be the creation of tens of thousands of high-paying jobs and an enhanced air transportation system.”
Earlier today, House Democratic leaders unveiled the outlines of economic stimulus legislation that includes $3 billion for airport improvement projects that will improve safety and reduce congestion along with $500 million to install explosive detection systems in airports. Tax-writers also have signaled their intention to include changes to the tax treatment of airport private activity bonds aimed at freeing additional capital at airports for construction.
“Airports across the country are prepared to move forward quickly with billions of dollars in important airport construction projects if Congress and the new administration can adopt proposals to free additional capital to airports through the elimination of the AMT penalty on airport bonds and provide additional federal funding,” Barclay added. “We urge quick action on this important legislation.”
In late December, AAAE in a letter to key lawmakers outlined a series of actions Congress should take as part of economic stimulus legislation to expedite airport construction projects, including changes to the tax treatment of airport bonds and additional federal funding for airport infrastructure.
A copy of the letter can be viewed here: http://www.aaae.org/_pdf/_govpdf/12-18-08%20Stimulus%20II.pdf
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ABOUT AAAE: Founded in 1928, AAAE (www.aaae.org) is the world's largest professional organization representing the men and women who work at public-use commercial and general aviation airports. AAAE's 5,000-plus members represent some 850 airports and hundreds of companies and organizations that support the airport industry. Headquartered in Alexandria, Va., AAAE serves its membership through results-oriented representation in Washington, D.C. and delivers a wide range of cost-effective industry services and professional development opportunities including training, conferences, and a highly respected accreditation program.
American Association of Airport Executives
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