Loan Sets Stage for Erie Runway Extension
A $4.8 million loan is the final piece to a financial puzzle that will let work begin on an $80 million runway extension at Erie International Airport.
The first phase will add 920 feet of runway and fix the rest to fulfill airport safety requirements. One thousand feet of runway will be added to allow the airport to accommodate more and larger passenger and cargo planes. The work should be finished by 2013.
The loan covers most of the Erie Regional Airport Authority’s $6 million share of the project. A passenger surcharge will cover the rest of the authority’s share, with Erie County, state and federal officials paying the other $74 million.
Originally published by The Tribune-Review.
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