Congressman Pete Visclosky announced today that the Federal Aviation Administration (FAA) has released federal funds to the Gary/Chicago International Airport to continue its runway expansion.
Congressman Visclosky said, "This funding allows all parties involved with the Gary/Chicago International Airport to continue our progress at the airport and to develop its economic potential for the region. This project creates construction jobs in the short term and will stimulate investment and job growth in Northwest Indiana."
"This recent allocation of funds is a great reminder of the progress taking place at the Gary airport and within the City of Gary," said Mayor Karen Freeman-Wilson. "We appreciate the support from the Department of Transportation because investment in this runway project means growth for Gary and the entire region."
"The runway extension project at the Gary/Chicago International Airport is a true team effort," said Bill Hanna, President and CEO of the Northwest Indiana Regional Development Authority, which is also providing funding for the project. "We're grateful for the continued efforts of the FAA, Congressman Visclosky, the City of Gary, the Airport Board of Directors and the many others who are working to finish the runway on schedule. When completed, it will make the airport a lynchpin for job creation and economic development in the region."
The initial 2006 Letter of Intent provides up to $57.8 million to the Gary/Chicago Airport over 10 years, available in installments of up to $6 million per year. Today's seventh payment totaled $5,000,000. The funding is designated for its runway expansion and improvements and will make the Gary/Chicago International Airport the third major airport in the Chicago area.