ACRP-Problem-No-09-01-01.pdf
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1、ACRP Problem No. 09-01-01 Recommended: Yes Best Practices for Determining Benefits for Airport Benefit-Cost Analyzes ACRP Staff This is a well-crafted research proposal building on the output of published ACRP Synthesis 13, a previously completed synthesis study. The $300,000 suggested for this proj
2、ect may be too little. TRB Aviation Group Aviation Economics Projected growth and the implementation of the Next Generation Air Transportation System will place unprecedented demands for growth and optimization of airport facilities. At the same time, the ability to fund airport projects within acce
3、ptable costs to users is becoming more difficult, as airport management, airlines/aircraft operators, and financing interests are placing the feasibility of proposed projects under more scrutiny. Airport staff and consultants are increasingly being asked for more detailed project justification and f
4、inancial analysis. The FAA guidance on quantifying benefits for FAA-funded projects is nearly 10-years old and remains very nebulous in acceptable processes to estimate difficult-to-quantify benefits for projects, FAA- or sponsor-funded, such as terminal and gate expansions, airport maintenance and
5、support facilities. Modeling techniques are available for determining airfield delay, roadway congestion and some terminal processing functions are available and are widely-used. However, other measures such as the value of productivity gains, additional customer service and the value of new air ser
6、vices and aircraft types have been left to the ingenuity of the analysts and are not always consistently received by the FAA (when applicable) and airport-sponsor. Further the litmus test for potential FAA funding is a BCA ratio of one of greater which creates a difficult hurdle for many of these wo
7、rthwhile projects whose benefits are “difficult to quantify“. The recently completed ACRP synthesis project (S 03-05 “Practices for Determining Benefits for Airport Benefit Cost Analysis) reviewed current guidance and related practices in preparation of BCAs and makes suggestions for additional rese
8、arch in developing improved guidance in financial analyses, benefits calculations and documentation. What is needed is to expand on this preliminary work and to describe and develop review standards for difficult-to-quantify benefits. This review can be used to provide airports with some precedence
9、to assist their analysis efforts and potentially by the FAA to update their benefit cost guidance to airport sponsors. III. Objective Provide improved and updated guidance to airports in quantifying and otherwise analyzing project benefits to assess financial feasibility and prioritization. The work
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