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Airport Improvements - Financing Sources & Considerations (Hardcover)
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Airport Improvements - Financing Sources & Considerations (Hardcover)
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The Airport Improvement Program (AIP) has been providing federal
grants for airport development and planning since the passage of
the Airport and Airway Improvement Act of 1982. AIP funding is
usually spent on projects that support aircraft operations such as
runways, taxiways, aprons, noise abatement, land purchase, and
safety or emergency equipment. The funds obligated for the AIP are
drawn from the airport and airway trust fund, which is supported by
a variety of user fees and fuel taxes. This book provides an
overview of airport improvement financing, with emphasis on AIP and
the related passenger facility charges. It also discusses some
ongoing airport issues that are likely to be included in a future
FAA reauthorisation debate; the potential effects of Passenger
Facility Charges (PFCs) cap increases; how well the current PFC
collection process works; and alternative PFC collection methods.
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