Philadelphia International Airport Receives Expansion Funds

Linda Loyd, Philadelphia Inquirer -- The Federal Aviation Administration said Monday it will pay $466.5 million toward a $5.4 billion expansion of Philadelphia International Airport. The federal funds will be dispensed over 16 years, beginning in fiscal 2012.

The project, aimed at reducing chronic delays and accommodating growth, will lengthen two runways, build a fifth runway along the Delaware River, add a new commuter terminal, and provide more gates, additional parking, an automated "people mover," and a ground-transportation hub for rental cars.

Two-thirds of the expansion will be funded with airport revenue bonds, with the balance coming from funding sources, including passenger user fees and grants. No local tax dollars will be used, said airport spokeswoman Victoria Lupica.