Austin-Bergstrom International Airport (AUS) has completed an Airport System Revenue Bond sale, securing 1.18 billion USD in funding destined to advance critical infrastructure projects.
The transaction marks the largest bond sale in both the history of the airport and the wider City of Austin.
All funding received will be used to support near-term projects within the Airport Expansion and Development Program (AEDP) (also known as the airport’s Journey With AUS expansion program), a multibillion USD initiative designed to modernise facilities, increase capacity and enhance passenger experience.
Ghizlane Badawi, Chief Executive Officer of Austin-Bergstrom International Airport, said:This successful bond issuance reflects the bond market’s strong confidence in the future of Central Texas and in the essential role Austin-Bergstrom International Airport plays in driving regional economic growth.
This milestone allows us to move forward with critical improvements that will expand capacity, enhance the traveler experience, and support the region’s economic vitality for decades to come.
With a wide range of major international events continuing to attract millions of visitors each year, Central Texas has experienced a period of significant population and economic growth in recent years – all whilst air travel demand rises consistently.
Initially designed to serve 11 million annual passengers; AUS is on track to serve 22 million passengers in the 2026 fiscal year – far exceeding its original capacity. The AEDP seeks to address this imbalance by expanding gate capacity, improving passenger processing areas, and upgrading critical airfield and utility infrastructure.
Planned improvements are set to include a new 26-gate Concourse B and Tunnel, a new Arrivals and Departures Hall, an integrated baggage handling system, a 6-gate satellite Concourse M, expanded roadway access, additional surface parking, a new parking garage, a new Central Utility Plant, new midfield taxiways, and utility upgrades across the airport campus.
The airport has also signed a new 10-year use and lease agreement with airlines, which took effect 1 January 2026, and was backed by airline commitments and financial protections under the new use and lease agreement, which saw the airport issue the new revenue bonds to meet the capital needs of the AEDP.
