Capital Improvements
Capital Improvements refer to the significant investments made by an airport to enhance its infrastructure, facilities, and services. These improvements are typically long-term and require substantial funding, planning, and construction. Examples of capital improvements in aviation include the construction of new runways, taxiways, terminals, hangars, and parking facilities, as well as the installation of new navigational aids, security systems, and baggage handling equipment. Capital improvements are essential for airports to keep up with the growing demand for air travel and to maintain safety and efficiency standards. They also contribute to the economic growth of the surrounding communities by creating jobs and attracting new businesses.
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