Transport Canada announced the launch of two new contribution funding programs to help Canada’s airports recover from the effects of the COVID-19 pandemic, including a new program to support critical infrastructure.
The Airport Critical Infrastructure Program (ACIP) is a new program providing close to $490 million to financially assist Canada’s larger airports with investments in critical infrastructure-related to safety, security or connectivity.
The Airport Relief Fund (ARF) is a new program providing almost $65 million in financial relief to targeted Canadian airports to help maintain operations.
In addition to launching these two new funding programs, the Minister 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 contribution funding program which provides financial assistance to Canada’s local and regional airports for safety-related infrastructure projects and equipment purchases.
“Canada’s airports are major contributors to our country’s economy and play a key role in sustaining the social and economic well-being of our communities, and our local airport workers,” stated federal Minister of Transport Omar Alghabra. “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.”