Posts: 3914
Joined: Fri Dec 15, 2000 10:27 pm

Increase In Airport/ATC Funding

Wed Feb 14, 2001 9:16 am

Bush May Fully Fund FAA Programs, House Transport Chairman Says

Washington, Feb. 13 (Bloomberg) -- President George W. Bush's budget for next fiscal year will likely include the full amount authorized in federal law for building new runways and upgrading air-traffic control equipment, a House lawmaker said.

An aide to House Transportation Chairman Don Young said the lawmaker received indications that Bush's Office of Management and Budget will fully fund the law Congress passed last year to increase airport funding. Young had said earlier that Bush officials were preparing a Federal Aviation Administration budget that was some $568 million below authorized levels.

``It's not official yet,'' Young spokesman Steve Hansen said. Still, Bush is likely to request $3.3 billion for capital projects such as runway construction and $2.9 billion for airport facilities and equipment such as radar, he said.

Alaska Republican Young and Representative James Oberstar of Minnesota, the committee's ranking Democrat, wrote Bush last week objecting to the expected holdback from the authorized spending level.

The OMB is helping to craft Bush's federal budget for the fiscal year that begins Oct. 1. Transportation Secretary Norm Mineta told an aviation group Feb. 2 that he had spent an hour meeting with OMB Director Mitchell Daniels.

``We're woefully short of where we should be'' in aviation spending in the budget, Mineta said at the time.

Representatives for Daniels and Mineta didn't return telephone calls seeking comment. Bush won't comment on budget specifics until he releases a blueprint of the plan late this month and a detailed budget by early April, said Claire Buchan, a White House spokeswoman.

Feb/13/2001 18:59 ET

For more stories from Bloomberg News, click here.

(C) Copyright 2001 Bloomberg L.P.

Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News.

The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 2001 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.
"There is no victory at bargain basement prices."

Who is online

Users browsing this forum: 737tanker, alggag, Amwest2United, cheeken, coolian2, crazytoaster, CV990A, Google [Bot], GSP psgr, PSA1978, qf789, Quantos, smi0006, transit, wn676 and 205 guests