List Your Equipment  /  Dealer Login  /  Create Account

LA Airport Officials OK $1.6B Bond for Renovations

Wed August 26, 2009 - West Edition
Construction Equipment Guide


LOS ANGELES (AP) Los Angeles International Airport officials have approved more than $1.6 billion in bonds to help pay for crucial renovations.

The board of airport commissioners agreed on Aug. 17 to issue about $700 million in bonds to help pay for construction of a new taxiway and firefighting facilities. The proceeds also will help pay for improvements to the international terminal, new escalators and elevators throughout the airport and new baggage system for another terminal.

The other $925 million will be used to refinance bonds that have been sold to pay for other airport improvements. In all, issuing the bonds will nearly double the airport’s debt to about $2 billion. Airport staff say passenger fees and airline rent and other charges should help foot the bill.




Today's top stories

Williams Brothers Reconfigures Interchange Near Port Arthur, Texas

Walsh/Herzog Joint Venture Begins $640M Double Track Northwest Indiana Project

Case Launches Minotaur DL550 Compact Dozer Loader

Officials Make Changes to Brent Spence Bridge Project

Blanchard Machinery CEO, President Joe Blanchard Passes at Age 60

Rehab Work Happening at Key Sites Within Pa.'s Gettysburg National Battlefield

Firms Receive Honors at Build Georgia Awards

Senate Approves $31 Billion Solution for Ike Dike Flooding








ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo
39.04690 \\ -77.49030 \\ Ashburn \\ VA