POSTED: Thursday, September 19, 2013 - 10:28am
UPDATED: Thursday, September 19, 2013 - 4:44pm
BROWNSVILLE, TEXAS (KVEO NEWSCENTER 23) — The Brownsville/South Padre Island International Airport has been awarded an $8 million dollar grant from the FAA.
U.S. Representative Filemon Vela, D-Brownsville, today announced, a $8.9 million dollar grant from the Federal Aviation Administration for the fast growing Brownsville South Padre Island International Airport.
The FAA portion of the project which is 90% of the total project cost is $7,973,000. The local share of the project is 10% - $885,947. The City of Brownsville pays for the interim financing in the form of a bond for the local share. The local share will be paid back by federal Passenger Facility Charge funds. The end result is that the City of Brownsville does not pay anything.
The $8 million FAA grant today funds 90% of the total project cost. The local share of the project is 10% or $885,000. The City of Brownsville provided interim funding for the local share which will be paid back to the City through FAA Passenger Facility Charge Funds.
The money will be used to improve and repair the Airport’s main taxiway, aprons and runway plus update runway markings including new signage.
Construction will begin in November and take one year to complete. All flights and other airport activity will continue as usual during construction.