Expedited Delivery of Airport Infrastructure Act of 2021
Oct 10, 2022
Statute: 136 Stat. 2199
Became law: Oct 10, 2022
Oct 10, 2022
Statute: 136 Stat. 2199
Became law: Oct 10, 2022
Summary
Lets airports use federal funds to pay bonuses to builders for finishing construction projects ahead of schedule.
What problem does this solve?
Airport construction can be slow, causing problems for travelers and airport operations. This law allows airports to offer financial bonuses to construction companies to encourage them to finish their work faster.
What does this law do?
Reference
Text:
Section:
Header:
Allowable cost standards for airport development projects
Allows incentive payments for early project completion
Permits the use of federal funds for incentive payments to contractors who finish airport development projects ahead of schedule.
Reference
Text:
Section:
Header:
Allowable cost standards for airport development projects
Caps incentive payments
Limits the bonus payment to a maximum of 5% of the initial construction contract amount or $1,000,000, whichever is less.
Reference
Text:
Section:
Header:
Allowable cost standards for airport development projects
Protects airport operations
Requires that the contractor's access to the worksite to speed up the project does not negatively affect the airport's normal operations.
Reference
Text:
Section:
Header:
Allowable cost standards for airport development projects
Requires secretary approval
Mandates that the Secretary of Transportation must determine that using an incentive payment will likely increase airport capacity, efficiency, or result in cost savings.
Who does this affect?
- Airport operators
- Construction companies
- Air travelers
What is the real world impact?
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Faster airport upgrades
Encourages quicker completion of airport projects, reducing disruptions for travelers and potentially lowering overall project costs by shortening timelines.
When does this start?
This law becomes effective on October 10, 2022.