bluestarcitx
Member
Charlotte/Douglas to begin runway construction
Charlotte Business Journal - 11:13 AM EDT Thursday
Charlotte/Douglas International Airport expects to start construction on its long-delayed third parallel runway in February, pending approval of an initial grading contract this year, officials told the Airport Advisory Commission Thursday.
The 9,000-foot runway is slated for completion in January 2010. It is expected to cost from $80 million to $90 million, with about two-thirds of the money coming from the Federal Aviation Administration.
The local portion of the cost will be paid for with airport revenue bonds, backed by a $3 passenger facility fee that started in the past year.
The airport had hoped to start the runway as early as 2002, but the downturn in traffic caused by the 2001 terrorist attacks and US Airways Group Inc.'s financial problems prompted a delay. Arizona-based US Airways (NYSE:LCC) operates its largest hub at Charlotte/Douglas, the nation's 17th busiest airport.
Initial work will involve moving thousands of tons of gravel from one part of the airport to build up the runway, Aviation Director Jerry Orr says. Paving is expected to start in September 2008.
The new runway is expected to cut more than $30 million in annual airline-related costs due to delays and congestion.
Charlotte Business Journal - 11:13 AM EDT Thursday
Charlotte/Douglas International Airport expects to start construction on its long-delayed third parallel runway in February, pending approval of an initial grading contract this year, officials told the Airport Advisory Commission Thursday.
The 9,000-foot runway is slated for completion in January 2010. It is expected to cost from $80 million to $90 million, with about two-thirds of the money coming from the Federal Aviation Administration.
The local portion of the cost will be paid for with airport revenue bonds, backed by a $3 passenger facility fee that started in the past year.
The airport had hoped to start the runway as early as 2002, but the downturn in traffic caused by the 2001 terrorist attacks and US Airways Group Inc.'s financial problems prompted a delay. Arizona-based US Airways (NYSE:LCC) operates its largest hub at Charlotte/Douglas, the nation's 17th busiest airport.
Initial work will involve moving thousands of tons of gravel from one part of the airport to build up the runway, Aviation Director Jerry Orr says. Paving is expected to start in September 2008.
The new runway is expected to cut more than $30 million in annual airline-related costs due to delays and congestion.