FAA bill benefits the aggregates industry

The proposed Federal Aviation Administration (FAA) reauthorisation bill could mean increased business for the aggregates industry. The bill, proposed by Rep. Bill Shuster, R-Pa., includes an additional US$3.8 billion by fiscal 2022 for the Airport Improvement Program that provides grants for airports to modernise runways, aprons and roads at airports. This would be the first increase in the program in a decade, as funding for AIP was stuck at US$3.5 billion per year from FY 2005-2011 and then reduced to US$3.35 billion per year from FY 2012-2018.

Shuster, chairman of the House Transportation and Infrastructure Committee, introduced H.R. 4441, the Aviation Innovation, Reform, and Reauthorisation (AIRR) Act of 2016, this week. The anxiously awaited legislation would reauthorise and fundamentally restructure the FAA. The heart of the bill spins off air traffic control from the FAA into a non-profit independent corporation, the “ATC Corporation.” The FAA would maintain its role as the safety regulator.

“Our system is incredibly inefficient, and it will only get worse as passenger levels grow and as the FAA falls further behind in modernising the system,” said Shuster, who introduced the bill along with Aviation Subcommittee chairman Frank LoBiondo, R-N.J. “The AIRR Act is transformational legislation that prepares the U.S. aviation system for the future, helps ensure a modern, safe system that benefits passengers and the economy, and keeps America competitive in a vital industry.”

Edited from source by Joseph Green. Source: NSSGA

Read the article online at: https://www.worldcement.com/the-americas/08022016/faa-bill-benefits-aggregates-industry-456/