BHM Airport to Receive Funding in CARES Act
The Birmingham-Shuttlesworth International Airport (BHM) will receive more than $18 million through the Coronavirus Aid, Relief and Economic Security (CARES) Act stimulus package. The CARES Act was signed into law on March 27th and provides approximately $10 billion in grant funds to be awarded as economic relief for U.S. airports affected by the COVID-19 pandemic. This funding will be distributed through the U.S. Department of Transportation’s Federal Aviation Administration (FAA). Funding received through the CARES Act will support continuing operations and will help replace lost revenue from the steep decline in passenger traffic across the nation.
“We are very grateful for our local congressional delegation and applaud their work with the federal government in supporting the aviation industry, its workforce and the operations at our airport during this global crisis,” said Ronald Mathieu, Birmingham Airport Authority President and CEO. “Airports exist to be economic engines to the regions they serve. We are most thankful for all of the support received that allows us to continue serving our community while also protecting the jobs of our employees and the many contractors and subcontractors and their families.”
Nationally, the number of people flying is down approximately 96 percent compared to this time last year. BHM is seeing the same trend in reductions. The Birmingham Airport Authority has been proactive in taking measures to protect the financial health of the airport including implementing a hiring freeze of non-essential positions, reprioritizing projects, and evaluating expenditures necessary for the successful operations of the airport.
Overall, Alabama airports will receive approximately $54 million in federal grants. The funds may be used for airport capital expenditures, operating expenses including payroll and utilities, and airport debt service payments.
CARES Act Resources
- CARES Act Grant Amounts to Airports: PDF, MS Excel
- CARES Act Airport Grants – Frequently Asked Questions
- US Department of Transportation Press Release