Project Total Estimate $4.9 Million - Local IDA's to Help With Funding

Following the recent bid opening, the project budget estimate is now expected to be $4,988,298 to rehabiliate runway 6/24.

The estimate project funding is as followed:

• Federal Aviation Administration (95%) $4,738,883.10
• Virginia Division of Aviation (3%) $149,648.94
• Local Funding (2%) $99,765.96

Originally, the airport has planned and expected the project to be around $4.2 million; as such we had collected $82,840 of the local match. The Industrial Development Authorities (IDA's) in Pulaski County, Montgomery Gounty, Giles County and the City of Radford have agreed to help us in funding a large portion of the required local funding we were short. This will allow the project to continue as planned, with construction estimated for this summer.

A big THANK YOU to all the IDA's for their support of this vital project.

Runway 6-24 Rehabilitation Bid Schedule

We have begun the process towards rehabilitation of the full length and width of runway 6-24. The project is currently out for bid.

Specific project information and the official bid information can be found at Delta Airport Consultants website or click here.

Below is a schedule for the bid process:

Advertise for Bids - February 7, 2010
Pre-Bid Meeting - February 16, 2010
Bid Opening - March 2, 2010
Forward Applications to FAA and DOAV - March 8, 2010

We will keep the blog updated as the process goes forward.