Gov. Kim Reynolds today announced a $100 million investment in federal funding to modernize and strengthen Iowa’s air transportation system through the Iowa Commercial Aviation Infrastructure Fund. Iowa’s eight commercial airports are eligible for funding that will support modernization and expansion projects. Ninety percent of the funds will be granted based upon passenger numbers from 2019, and the remaining 10% will be split equally among the eight commercial airports. Kevin Foley, executive director of the Des Moines Airport Board, said Des Moines International Airport will receive $58.7 million of the Iowa funds. Airport officials are currently working with a consultant to update project costs for the planned new DSM International terminal project, which with higher construction costs and inflation could exceed $575 million. The Iowa Commercial Aviation Infrastructure Fund will be administered by the Iowa Department of Transportation, using one-time federal funds from the American Rescue Plan.

Insider:Read more about a review of the Des Moines terminal project costs.