While Pittsburgh International Airport is getting ready to break ground on a $1.1 billion modernization plan for its passenger terminal, the airport's CEO says the future is in cargo.
While public [spending on American infrastructure fell by $9.4 billion from 2007 and 2017, Pittsburgh has decided to take the opposite approach. "With our [airline] partners, we have determined that we need to make this infrastructure investment," CEO Christina Cassotis told Cheddar Thursday.
She said she hopes, through modernizing the airport, passengers will see it "as more than just a facility … to get on and off the plane to get to your Uber or your taxi." She also noted that sustainability will be a "huge factor" in the new terminal, scheduled to open in 2023.
"We are redefining what it means to be an airport in the United States," Cassotis said.
While the investment in a new passenger terminal is underway, the airport is also trying to increase its cargo business, which Cassotis called "a huge deal for us." Amazon is currently not using its airport to transport packages, but she said, "We would love to welcome them."
"We believe that we've got the facilities and the geography for a logistics play. We're going after cargo," she said.
Cassotis noted that the $19 million federal grant was awarded for a cargo terminal last month was the first of its kind. The new terminal will help Pittsburgh attract attention far beyond the Pennsylvania border, and show potential new cargo partners "we are national critical infrastructure."
In October, Pittsburgh International Airport also announced it is investing in a microgrid to become 100 percent self-reliant on its own electricity generation. The project is slated to be completed by 2021. It's predicted by Peoples Gas utility and the airport authority it will save the airport about $500,000 a year, or about 7 percent of the airport's annual electric bill.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
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