The Northwest Arkansas Regional Airport (XNA) will receive $2.7 million from the U.S. Department of Transportation to rehabilitate a taxiway in need of repair, according to a news release.

The grant will go toward reconstructing 1,300 feet of Taxiway B pavement, which has reached the end of its life. This improvement will result in more efficient transit times and savings on fuel costs, according to the offices of Sens. John Boozman and Tom Cotton and Rep. Steve Womack.

"Investments in airport infrastructure keep Arkansas connected to the national and global economy. Northwest Arkansas needs updated taxiways to ensure accessibility for travelers in addition to positioning the region for continued growth. These funds will improve safety at the airport while helping spur economic progress,” the lawmakers said in the release.

XNA services a region that is home to three Fortune 500 companies and continues to see growth. Last year, the airport served more than 1.4 million passengers, the release states.