Hartsfield-Jackson Atlanta International Airport officials announced Monday that the airport received $34 million in stimulus funds from the American Recovery and Reinvestment Act to help pay for construction of the new Maynard Holbrook Jackson Jr. International Terminal.
The Federal Aviation Administration’s airport improvement program granted Hartsfield $14 million to build the apron for the new terminal while the Transportation Security Administration provided another $20 million to develop a baggage-screening system.
Construction on the $1.35 billion international terminal began in the summer of 2008 and is expected to be completed by spring 2012.
It is not clear if the ARRA stimulus funding will reduce the amount of debt Atlanta is planning to sell for the new terminal. In July, the City Council approved the sale of $1.4 billion of new-money and refunding bonds, with most of the proceeds going toward completion of the new international terminal.
But earlier this month, officials announced that in preparation for the upcoming bond sale a due diligence review found a number of errors in classifying airport expenses dating back to 2003.
Oofficials also announced that the Airports Council International-North America has appointed airport general manager Ben DeCosta to a three-year term on the council’s world governing board.