Funding

The Birmingham-Shuttlesworth International Airport Terminal Modernization project has an anticipated cost of $201.6 million. During 2010, the Birmingham Airport Authority successfully navigated through a challenging process to secure funding for the terminal modernization project. Airport Authority leaders were busy meeting with carriers and airport stakeholders and guiding preliminary design planning in order to arrive at estimated construction costs.

Birmingham Airport Authority Terminal Modernization Program Funding

Funding TypeAmountPercentage
Bonds-GARBS $55,075,430 25%
Passenger Facility Charge (PFC) 81,603,272 41%
AIP Funds 40,724,516 20%
BAA Funds 14,942,769 7%
TSA 14,303,230 7%
Source: Birmingham Airport Authority