Fort Worth-based Hillwood Properties announced Wednesday that Fort Worth Alliance Airport received a $15.6 million grant from the Federal Aviation Administration to support a runway extension project at the north end of the airport.
The extension will extend the runway by 11,000 feet, which will give the airport the ability to accommodate aircraft making nonstop cargo trips to Europe or Asia.
This grant brings FAA's funding on this project to $30.7 million this year. Other FAA grants totaling $15.1 million was awarded earlier this year for runway design, perimeter road construction and noise mitigation.
Since this project began, the airport has secured $215 million from the FAA, Texas Department of Transportation and Tarrant County to support the extension. There is less than $30 million unfunded remaining for the project.
The runway extension project is scheduled to begin in the first quarter of 2013, with completion expected in 2016.