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Title:

AIRPORT SYSTEM CAPITAL REQUIREMENTS - AMERICA'S FUTURE IN AIRPORT INFRASTRUCTURE

Accession Number:

00749957

Record Type:

Component

Availability:

Find a library where document is available


Order URL: http://worldcat.org/issn/00978515

Abstract:

The American Association of Airport Executives (AAAE) and the Airports Council International-North America (ACI-NA) have conducted periodic surveys to assess the capital development funding needs of airports throughout the United States. In 1990, 1992, and 1995, these surveys showed a consistent need for $10 billion annually for airport development, safety, and capital reconstruction. In contrast, the Federal Government has been providing appropriated funding from the aviation trust fund and local passenger facility charge (PFC) authority for a total of $11 billion over five years--approximately one-fifth of the needed investment. Adding airport bonds, PFC income, and other local revenues to the federal investment boosts the total current investment to just over one-half of the estimated airport development needs. The national aviation system can absorb this underfunding for a limited time, but at some point demand for airport capacity will overtake supply, prices will increase, and national economic activity will begin to suffer. The viewpoint of the AAAE is that the United States is seriously underinvesting in airport infrastructure.

Supplemental Notes:

Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.

Monograph Accession #:

00749952

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Dickerson, S

Pagination:

p. 19-20

Publication Date:

1998-5

Serial:

Transportation Research Circular

Issue Number: 485
Publisher: Transportation Research Board
ISSN: 0097-8515

Conference:

Airport System Capital Requirements (Workshop)

Location: Washington, D.C.
Date: 1997-4-15 to 1997-4-15
Sponsors: Federal Aviation Administration; and Committee on Intergovernmental Relations in Aviation, Transportation Research Board.

Media Type:

Digital/other

Uncontrolled Terms:

Supply and demand

Old TRIS Terms:

Subject Areas:

Aviation; Economics; Finance; Highways; Terminals and Facilities

Files:

TRIS, TRB

Created Date:

Jun 12 1998 12:00AM

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