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- W2247662043 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." @default.
- W2247662043 created "2016-06-24" @default.
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- W2247662043 date "1998-05-01" @default.
- W2247662043 modified "2023-09-26" @default.
- W2247662043 title "AIRPORT SYSTEM CAPITAL REQUIREMENTS - AMERICA'S FUTURE IN AIRPORT INFRASTRUCTURE" @default.
- W2247662043 hasPublicationYear "1998" @default.
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