FAA forecasts a modest dip in spending for airports over next five years

The Federal Aviation Administration’s latest report to Congress projects $32.5 billion in airport construction and renovation projects from 2017 to 2021. That would be a decrease of $1 billion, or 3%, from the FAA’s 2015 report. Since that last report, construction costs have increased 1.9%, according to the U.S. Army Corps of Engineers.