The money for the 2014 financial year is for several projects, including a new Air Traffic Control Tower (ATCT).
The ATCT project has been under consideration for five years and has equal funding participation from both the Florida Department of Transportation (FDOT) and SRQ.
Also included in the FAA grant is funding towards the continuing terminal renovation project, the expansion of the US Customs & Border Protection Federal Inspection services (FIS) facility, and airfield taxi lanes.
The grant is part of the Airport Improvement Program (AIP), a national programme funded by user fees on airline tickets and aviation fuel, and is utilized by airports throughout the US to make capital improvements.
The FAA provided $4 million of discretionary funding which SRQ president, CEO, Rick Piccolo, says was critical to move forward with the new ATCT.
Piccolo adds: “We are extremely pleased that the FAA acknowledges the value of the proposed partnership between SRQ and the FDOT and we look forward to completing a new ATC tower which will enhance the safety and efficiency of our airfield.”