H.R. 6168: Airport TIFIA Financing Certainty Act

This bill, titled the Airport TIFIA Financing Certainty Act, proposes changes to the eligibility criteria for certain airport-related projects that can receive funding through the Transportation Infrastructure Finance and Innovation Act (TIFIA). Here are the key points of what the bill aims to achieve:

1. Expanded Eligibility for Projects

The bill modifies existing laws to broaden the types of projects that can qualify for TIFIA funding. Specifically, it allows for the funding of:

• New construction or improvements to aviation-related facilities
• Projects that enhance air transportation access, including related surface transportation, rental car services, and parking facilities
• Improvements aimed at the efficient movement of passengers, baggage, or cargo
• Enhancements to the safety and security of airport users

2. Changes in Project Selection Process

The bill also modifies the selection process for eligible projects. It establishes a distinction for projects that fall under the newly defined eligibility, allowing them specific considerations in the approval process:

• Projects that meet the new criteria will not be subject to certain conditions that typically apply to other projects.
• References to "eligible project costs" are replaced with mentions of "a Federal credit instrument," which could facilitate access to funding.

3. Increased TIFIA Loan Limits

Additionally, the bill raises the maximum TIFIA loan amount from $75 million to $100 million. This change may allow for larger projects or more comprehensive improvements at airports to be financed under this program.

4. Waiver Conditions

The bill introduces specific waivers from standard conditions for projects that qualify under the new criteria. This can make the approval process smoother and faster for certain airport-related projects.

5. Purpose and Impact

The overall goal of this bill is to provide greater financial certainty and support for airport infrastructure projects, encouraging investment in facilities that improve air travel and enhance the safety and efficiency of airport operations.

Relevant Companies

• BA - Boeing: As a major aircraft manufacturer, Boeing may benefit from increased funding for airport infrastructure that potentially leads to more flight operations and expanded airports.
• GE - General Electric: With its aviation division, GE could see increased demand for its equipment and services with new and improved aviation facilities.
• UAL - United Airlines: Enhanced airport infrastructures may lead to increased efficiency and capacity for airlines, impacting operations positively.