GREENSBORO, NC (AP) The Piedmont Triad International Airport has received a $291,480 grant from the state Department of Transportation to help pay for construction of a new runway for the FedEx cargo hub project.
The governing board received the money July 19 at its monthly meeting for the 2-mile runway, which would accommodate FedEx’s fifth national hub.
The board also awarded a $2.8 million contract to a Pilot Mountain-based company to relocate utilities for construction of the runway. The company, Jimmy R. Lynch and Sons Inc. will move power, cable, telephone and gas lines.
The runway and related taxiways will cost about $90 million. The Federal Aviation Administration will put up 95 percent of the money, with the state and airport paying the remainder during the next several years, said Ted Johnson, the airport’s executive director.
FedEx is scheduled to open the hub, which will employ 1,500 full- and part-time workers, by the middle of 2009.