ABSTRACT

Airport Infrastructure: Information on Funding and Financing for Planned Projects, Report to Congressional Requesters   [open pdf - 4MB]

From the GAO (Government Accountability Office) Highlights: "GAO was asked to examine airport-funding sources and planned infrastructure projects. This report examines, among other issues: (1) levels of federal and other funding that U.S. airports received from fiscal years 2013 through 2017 for infrastructure projects, (2) projected costs of planned infrastructure investments at U.S. airports from fiscal years 2019 through 2023, and (3) any challenges selected airports identified in obtaining projects' funding and financing. GAO analyzed airport-funding data for AIP [Airport Improvement Program] grants, PFCs [passenger-facility charges], airport-generated revenue, and other sources for fiscal years 2013-2017--the most recent years for which data were available-- and FAA's [Federal Aviation Administration] and Airports Council - North America's cost estimates of airports' planned infrastructure projects for fiscal years 2019-2023. GAO also interviewed FAA officials; representatives from airline and airport associations, and bond-rating agencies; officials from 19 selected airports representing airports of different sizes and with the highest planned development costs, among other things; and representatives from eight selected airlines, selected based on factors such as passenger traffic."

Report Number:
GAO-20-298
Publisher:
Date:
2020-02-13
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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