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Many Los Angeles County jobs are being supported by several construction projects at the local airport.

A recent report from the Los Angeles County Economic Development Corporation found that new construction projects at Los Angeles International Airport will create tens of thousands of jobs and inject billions of dollars into the local economy.

The airport is currently undergoing a $4.11 billion in construction projects that are expected to create 39,900 jobs during the next seven years, as well as 4,000 additional jobs each year, and generate about $2.62 billion in income. The project is being recognized as an important factor in the area's economic recovery.

"The LAX modernization project is creating nearly 40,000 jobs and generating $2.62 billion in worker wages, making it one of the city's biggest and most successful job creation and economic recovery efforts," Mayor Antonio R. Villaraigosa said in a press release. "By investing in LAX's infrastructure, we are ensuring that the airport will remain competitive in the global market, bringing visitors to our great city and putting our residents to work now and for years to come."

Projects taking place at the airport include:

• $1.45 billion to double the size of the Tom Bradley International Terminal.
• $636 million to improve the four, five, and six terminals.
• $600 million to install in-line baggage handling and screening systems at all terminals.
• $438 million to replace the Central Utility Plant.
• $300 million to improve aircraft taxilanes.
• $270 million to replace elevators and escalators.

All of these projects are being paid for through a combination of revenue bonds, LAX revenue, capital improvement funding, airline proprietary improvement capital, passenger facility charges, and funding from the Federal Aviation Administration and the Transportation Security Administration.

Labels: Los Angeles County jobs