Business Report: Airports need billions of dollars to fix infrastructures
Airports need billions of dollar to fix their infrastructures if they are going to continue serving the growing number of passengers and cargo.
U.S. airports say they need nearly $100 billion through 2021 for infrastructure needs to accommodate growth in passenger and cargo activity, rehabilitate existing facilities and support aircraft innovation. A new report from Airports Council International-North America, which represents commercial service airports in the U.S. and Canada, says America’s airports have significant unmet needs that threaten their ability to serve passengers, grow their local economies and create good paying jobs. the latest figure represents a 32% increase over the last estimate in 2015.
The Trump Administration is looking to roll back federal fuel economy requirements that were a key part of president Obama’s strategy to combat global warming. the standards would have forced automakers to significantly increase the efficiency of new cars and trucks. The Environmental Protection Agency may soon be announcing a reversal on a decision made in the final days of the Obama administration to put in place strict gas mileage requirements through 2025.