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Title:

Revolving Funds for Sustainability Projects at Airports

Accession Number:

01719255

Record Type:

Monograph

Availability:

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Order URL: http://worldcat.org/isbn/9780309480635

Abstract:

This report provides guidance for determining if establishing a dedicated revolving fund for sustainability projects is the right funding approach for an airport. The report also provides instructions on how to implement and best utilize this solution. Green revolving funds (GRFs) offer an alternative approach for investing in projects that generate operational savings and will provide a way to advance an airport’s sustainability goals. While there are several potential sources for funding airport sustainability projects [capital budget, utility rebates and subsidies, and competitive grants such as FAA’s Voluntary Airport Low Emissions Program (VALE)], these sources each have challenges in terms of use and availability. An innovative approach to address these challenges is to establish and make use of a revolving fund for sustainability projects tailored to airports. By adopting this approach, airports will gain the ability to track savings or revenues from other capital projects and apply those benefits to new sustainability projects. An airport could then leverage those financial benefits into flexible, self-financing opportunities for future sustainability projects. Research in this project included several nonairport-related case examples that have managed GRFs for over a decade and two airport-related case examples. Potential funding sources and options to establish the initial seed funding for GRFs are also provided. Additional resources consist of process flow diagrams that identify the critical decision-making steps necessary to develop and optimize the GRF; descriptions of effective performance-tracking mechanisms; and educational resources and engagement strategies to achieve consensus among internal and external stakeholders.

Report/Paper Numbers:

Project 02-77

Language:

English

Authors:

Klauber, Adam
Schiller, Craig
Cathcart, Joey
Quebe, Philip
Stephens, Mia
Jones, Brad
Orlowski, Mark
Karp, Aaron
Cushine, Ken

Pagination:

135p

Publication Date:

2019

Serial:

ACRP Research Report

Issue Number: 205
Publisher: Transportation Research Board
ISSN: 2572-3731

ISBN:

9780309480635

Media Type:

Digital/other

Features:

Appendices; Figures; References; Tables

Uncontrolled Terms:

Revolving funds

Subject Areas:

Aviation; Environment; Finance

Files:

TRIS, TRB, ATRI

Created Date:

Oct 9 2019 2:49PM