OTTAWA – The federal government has launched two new funding programs to help Canada’s airports recover from the effects of the COVID-19 pandemic.
The Airport Critical Infrastructure Program is a new program providing $490 million to assist Canada’s larger airports with investments in infrastructure related to safety, security or connectivity.
The Airport Relief Fund will provide $65 million in financial relief to targeted Canadian airports to help maintain operations.
The funding was announced by Minister of Transport Omar Alghabra May 11.
Alghabra also announced that Transport Canada’s Airports Capital Assistance Program (ACAP) is receiving a funding top-up of $186 million over two years. The ACAP is an existing program that provides financial assistance to Canada’s local and regional airports for safety-related infrastructure projects and equipment purchases.
“These programs will help ensure that, as Canada works towards recovery and travel restart post pandemic, our airports remain viable and continue to provide Canadians with safe, reliable and efficient travel options, while creating and maintaining good paying jobs in the airport sector,” said Alghabra in a release.
Recent Comments
comments for this post are closed