Airport Finance : Past Funding Levels May Not Be Sufficient to Cover Airports Planned Capital Development

By Dillingham, Gerald L.

Excerpt
Excerpt: The estimated costs of airports? planned capital development vary, from FAA?s estimate of about $9 billion a year to ACI?s estimate of about $15 billion a year. FAA?s estimate, for 2001 through 2005, includes only projects that are eligible for federal funding, whereas ACI?s estimate, for 2002 through 2006, includes projects that may or may not be eligible. Neither estimate covers the costs of modifying airport terminals to accommodate the explosives detection systems required to screen checked baggage. According to ACI, these costs could be $3 billion to $5 billion over the next 5 years. From 1999 through 2001, airports received an average of about $12 billion a year for planned capital development, mostly from bonds (almost $7 billion) and federal sources, including grants ($2.4 billion) and passenger facility charges ($1.6 billion). Of the $12 billion, larger airports received over $9 billion and smaller airports received over $2 billion annually, on average. If airports continue to receive about $12 billion a year for planned capital

Book Id: WPLBN0000667691
Format Type: PDF eBook
File Size: 518.58 KB
Reproduction Date: 2005
Full Text

Title:

Airport Finance : Past Funding Levels May Not Be Sufficient to Cover Airports Planned Capital Development

Author:

Dillingham, Gerald L.

Volume:

Language:

English

Subject:

Aviation, Federal Aviation Administration Command Center (U.S.), Mechanical engineering.

Collection:

Space and Aviation eDocuments Collection

Subcollection:

Historic
Publication Date:

Publisher:

Federal Aviation Administration (FAA)

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