Contract Surety

San Diego: Taking Off



San Diego’s Regional Airport Board has approved a maximum contract of $2.6 billion for a new terminal at San Diego International Airport. The new construction will replace a terminal that was built in 1967 and is scheduled for completion by June 2028. Construction could begin within a month, pending a final Federal Aviation Administration review.

Optimism In The Air?

A full rebound in air travel is not expected until summer 2022, with international travel anticipated to continue lagging until 2023-2024. Nonetheless, across the country, commitments to modernize and expand airports are underway. In addition to the big plans for San Diego, for example, Pittsburgh’s getting a new $1.4 billion international terminal and in Florida, Jackson International is expanding too. Construction Dive  shares this scoop on the action in San Diego:


The 1.2 million-square-foot project will be delivered by the New York City-based Turner and Broomfield, Colorado-based Flatiron joint venture. Both companies are subsidiaries of Germany-based HOCHTIEF, and have previously teamed up on airport projects in San Francisco, Oakland, Sacramento and Denver. When completed, the new terminal will have 30 gates, updated concessions and more security checkpoint lanes….The project also includes improvements to the airport’s roadways system designed to make it easier for motor vehicle, bus, bike and pedestrian traffic to enter and exit, as well as a new parking plaza for ground transportation services.


According to the San Diego County Regional Airport Authority, the project is estimated to create between 15,000 to 20,000 jobs for local workers — 25% of the contract value will go to small businesses, 80% will go to local businesses and 3% are reserved for small enterprises that are veteran-owned.


Not to be left out of the action, San Antonio is building to accommodate its tremendous growth spurt—and that of course includes construction at the airport. Got some growth projections of your own? Gearing up to bid? Let Colonial Surety give you a boost with your analytics—and a surety line of credit in writing. That’s exactly what The Partnership Account®  services will give you. Once qualified you can:


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Big Visions-Big Business

The rising trend at airports across the country is thinking big. Construction Business Owner reports: “The Federal Aviation Administration (FAA) has identified 3,304 existing public-use airports and six proposed new airports that are expected to drive spending estimates to approximately $43.6 billion for projects that will be launched over the next few years. That’s an increase of $8.5 billion from the last estimate.”


Where’s the action? In Texas alone, the action’s anticipated at the airports in San Antonio, Austin, Houston, Dallas—and Abilene, where $172 million is planned for taxiway, runway and hangar repairs, as well as commercial development. Renovations at Northwest Arkansas National Airport are also slated to resume soon with a $315 million budget. In Virginia, public input is underway on a 20-Year Master Plan for the Roanoke-Blacksburg Regional Airport. Kentucky’s Barkley Regional Airport already had a groundbreaking ceremony for a new $42 million passenger terminal, with construction slated to begin later this year. The Cleveland Hopkins International Airport is in the planning phase for a new concourse, terminal and connecting tunnel. In Missouri, the first in a major series of new hangar construction projects will get underway.


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Colonial Surety is built on reliability, affordability and dependability. Founded in 1930, we have proven long-term financial stability; we’re licensed in every single state in the U.S.; we are listed by the U.S. Treasury as an approved surety; and we’re rated “A” Excellent by A.M. Best – an accolade of which we are extremely proud. Let’s Partner!