Remember that happy feeling of lift off? Well, airports and airplanes across the country are soaring ahead with new projects—which will elevate the spirits of builders too.
Expansions and Innovations
Across the country plans are in the works to expand airports, adapt terminals for electric aircraft and end the pause on long awaited improvements. 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.
One new trend coming our way: electric aircraft. Washington Sate Department of Transportation has designated Yakima Air Terminal for beta testing of electric aircraft. Additionally :
Five other sites were designated as test sites, and 15 additional airports will form the initial network for electric aircraft. If projections are correct, electric and hybrid electric aircraft manufacturers may have up to 20 planes in service soon, with more than a dozen more in development.
Ready To Go—and Grow?
Speed counts more than ever these days. Are you ready to get building? Come on! With a Colonial Surety Company’s Partnership Account® your contract company can:
- Leverage data on a private Owner’s Dashboard to view surety lines, adjust work on hand, analyze bids—and grow.
- Gain control of bidding and bonding, online and in real time.
- Utilize powers of attorney to seal and issue their own bid bonds—in minutes.
- Compete with fast, confidential bid bonds—no middleman.
- Order performance and payment bonds easily from a customized digital dashboard
- Track bids and work on hand in real time with free management reports.Speak directly with Colonial’s lead underwriter as new opportunities emerge.
Airports Under Construction
Action is getting way everywhere you can imagine—and some places you might not. For example, in San Antonio, city leaders say it won’t be long until a new terminal gets underway in response to 10 years of steady passenger increases. Action is also anticipated at the airports in 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, bids will be accepted soon for the first in a major series of new hangar construction projects.
Wherever you are, something is about to get built! Get bid-ready fast, with a surety line of credit from Colonial Surety Company. All contract companies that complete our brief pre-qualification application receive, for free, Dun & Bradstreet scores. Those who pre-qualify for a surety line of credit, go on to upload a few more documents that help Colonial better understand the operation and underwrite a Partnership Account®.
Founded in 1930, Colonial Surety Company is a leading direct writer of surety bonds and insurance products across the USA. Colonial is rated “A Excellent” by A.M. Best Company and U.S. Treasury listed.