Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity

Airport Construction Incentive Legislation Now Before Senate

10/21/2020

0 Comments

 
Picture
Legislation designed to encourage the timely completion of airport construction projects is now working its way through Congress.

The Expedited Delivery of Airport Infrastructure Act of 2020 will allow for the use of incentive payments for projects that are funded through the federal Airport Improvement Program. It has now cleared both the House Transportation and Infrastructure Committee, as well as the larger House itself.

The legislative proposal is unusual in the sense that industry experts appear to unanimously agree that such incentives work, while at the same time the bill has not so far sparked any opposition.

A companion version of the bill was passed by the Senate Commerce, Science, and Transportation Committee unanimously.

“Incentive payments have been proven to be effective in other areas of construction,” noted Jeff Davis, a senior fellow with the Eno Center for Transportation.

In an interview with the Washington Examiner, Davis added: “The nature of heavy construction is that time is money. The longer that a project takes from conception to completion, the more the cost goes up.”

The measure particularly allows airports to use up to $1 million to incentivize any given project.

“This is a smart reform that already works for road and bridge project construction,” said Missouri Representative Sam Graves, the sponsor of the legislation in the House.

In a statement, Graves continued: “Delivering airport projects ahead of schedule can help save money and essentially provide a similar impact as increasing investment without any additional federal resources.”
​
The measure is now awaiting final approval in the full Senate.

​By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity