FAA Releases List of $970 Million in FY24 Airport Terminal Program Grants

On February 15, the Federal Aviation Administration (FAA) released a list of airport projects that will receive a share of $970 million in fiscal year 2024 (FY24) discretionary grants under the Airport Terminal Program (ATP), which was created by the Infrastructure Investment and Jobs Act (IIJA), commonly known as the Bipartisan Infrastructure Law (BIL). The agency intends to fund 118 projects at 104 airports, focusing on terminal reconstruction, development, and accessibility; improving energy efficiency for terminals; and improving airport-owned air traffic control (ATC) towers; among many other purposes.
 
You can view the complete list of projects that were selected for FY24 ATP grants today and a separate interactive map showing the location of the airports that will receive FY22, FY23, and FY24 ATP grants and how the funds will be used.
 
Under the ATP, FAA is providing approximately $5 billion to airports via discretionary, competitive grants for eligible terminal projects over a five-year period. In September 2023, FAA released a notice of funding opportunity (NOFO) that outlined how airports could apply for a share of the approximately $1 billion in FY24 discretionary funds that were available. Based on the submissions, FAA received 634 applications requesting $7.7 billion in FY24 funding. To date, FAA has awarded over $2.9 billion in ATP grants over the past three fiscal years.
 
What's Next? Looking ahead, FAA will be publishing an annual NOFO to announce additional funding available, approximately $1 billion per year, for FY25 and FY26. AAAE expects that the next NOFO for FY25 ATP grants will be released in August or September 2024, although this is subject to change.
 
AAAE has developed a one-page overview of the various grant programs and funds being administered by FAA, including relevant timelines, to help airports navigate the opportunities available for infrastructure funding. You can view the updated overview here.