U.S. Senator Dick Durbin (D-IL) and Congresswoman Cheri Bustos (D-IL) announced today that the Department of Transportation (DOT) has awarded $1,396,123 in funding to the Greater Peoria Airport Authority for improvements and upgrades at General Wayne A. Downing Peoria International Airport. Today’s funding will be used to rehabilitate the airport’s apron, preserving access to the airfield for major employers and economic drivers in the region, as well as directly supporting local construction jobs.
“Peoria International Airport is a critical transportation link for central Illinois, providing direct access to the region for travelers and businesses,” said Durbin. “If we’re going to continue growing our local economy by supporting the businesses we have here and attracting new ones to the region, we need to keep looking forward and investing in our infrastructure. Today’s funding will support local, good-paying jobs and improve the Peoria airport’s ability to serve central Illinois residents and businesses safely and efficiently.”
“I believe that by investing in our networks of roads, bridges, rail lines, airports and waterways we are creating jobs and making a down payment on our region’s long term economic well-being,” said Congresswoman Cheri Bustos, a member of the House Transportation and Infrastructure Committee. “Today’s investment in the Peoria International Airport will help our area transport passengers and goods in a safer manner while also putting people to work and growing the local economy.”
Today’s grant was awarded on a competitive basis through the Federal Aviation Administration (FAA)’s Airport Improvement Program which is funded by the Airport and Airways Trust Fund. Revenue in to the trust fund comes from ticket taxes, user fees and aviation fuel taxes. These funds are authorized by Congress in multi-year FAA reauthorization acts and then appropriated each year by Congress. The FAA determines which airport projects are the highest priority and distributes their discretionary funding to them accordingly.