Are federal matching funds available for the planning and construction of a new airport?

The allocation of federal matching funds for the planning and construction of new airports is primarily governed by the Airport Improvement Program (AIP), which is a key federal funding source. Under this program, the federal government can provide up to 95% of the eligible costs associated with the development of public-use airports, including new constructions. This substantial level of funding is aimed at enhancing aviation infrastructure across the country, particularly for facilities critical to national transportation resources.

The AIP is designed to support a broad range of airport projects, which include not only construction but also planning, safety enhancements, and other vital improvements. By offering such a high percentage of federal matching funds, the program ensures that local and state governments can effectively leverage federal resources to support their airport development needs.

The other choices mischaracterize the availability of funds or the percentages involved, as the program is not limited to rural airports or specific funding caps that fall short of the 95% threshold set under the AIP.